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Audit fee claimed by auditors was reasonable as it was well supported by no. of days and man hours spent

December 6, 2018[2018] 100 taxmann.com 120 (NCL-AT)/[2018] 150 SCL 771 (NCL-AT)/[2018] 211 COMP CASE 312 (NCL-AT)

CL: Where auditor appointed by CLB audited accounts of company as well as investigated related party transactions and claimed fees of Rs. 36.16 lakh, since, fees claimed by auditor was supported by number of days spent and composition of people working on assignment and moreover, company had paid Rs. 62 lakh to auditors of sister concerns for same period, fees claimed by auditors appointed by CLB were reasonable

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