DEVARAJAN RAMAN vs BANK OF INDIA LIMITED

The Supreme Court addressed the appeal concerning the payment of costs incurred by the Resolution Professional in the insolvency proceedings of Poonam Drums and Containers Private Limited. The court examined the appointment of the Interim Resolution Professional and the implications of the National Company Law Tribunal's order regarding fees. Ultimately, the court upheld the procedural integrity of the insolvency process and clarified the responsibilities of the Resolution Professional under the Insolvency and Bankruptcy Code.