Liquidator fees credited to Central Government: Tribunal fixes remuneration and tiered fee scales for liquidation proceeds.

LLP assets must fund payment into the public account of India to the credit of the Central Government of liquidator commissions by the prescribed date. The Tribunal approves remuneration: when the Official Liquidator is provisional liquidator a reasonable fee may be ordered; when acting post-winding-up fees are set on yearly collections under a graduated scale and separately on amounts realised for secured creditors. The Tribunal may fix fees for trustee roles, special duties, additional liquidators, and where reconstruction or schemes render standard scales insufficient; remuneration under other rules is subject to Tribunal approval and a five per cent cap on recovered debts and realisations.

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