Section 74: Recovery of expenses and compensation

1) Where any person makes an appeal to the concerned Court against any order issued or decision made by the Court in relation to the insolvency proceedings instituted under this Act and the order or decision of the Court is also substantiated by the appellate level, the other party shall be entitled to have all expenses which he or she had to incurred in the course of such action recovered from the person making such appeal.

2) Where it appears that the insolvency proceedings have been prolonged as a result of any action instituted by any person pursuant to sub-section (1), which has resulted in any loss or damage to the concerned company or its creditors or shareholders, the Court may also order such person to pay compensation for the actual loss or damage.