'Court Receiver-Appointed Valuer Cannot Be Denied Reasonable Payment Over Sanction Delay': Bombay HC
Mumbai, September 5, 2026: The Bombay High Court has held that a Valuer appointed by the Court Receiver cannot be denied reasonable remuneration merely because prior court sanction was not obtained for fees exceeding the prescribed limit. The ruling came while deciding the claim of AT & TS Associates, whose professional fees remained unpaid for more than two decades despite completing the…
Mumbai, September 5, 2026: The Bombay High Court has ruled that a Valuer appointed by the Court Receiver is entitled to reasonable remuneration even if the fees exceed the prescribed limit due to lack of prior court sanction. This decision was made in response to AT & TS Associates, whose fees for a completed assignment dating back to 2004 remained unpaid for over two decades. The court upheld the revised fees and interest awarded to the Valuer, expressing concern over the unjustified delay in payment.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
