Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter IX FAST TRACK PROCESS COSTS
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Resolution professional costs constitute fast track process costs, fixed by the committee and including fees and advisor expenses. The committee must fix expenses to be incurred on or by the resolution professional, which shall constitute fast track process costs; "expenses" include ... Summary
Referred In :
Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
Resolution professional costs constitute fast track process costs, fixed by the committee and including fees and advisor expenses.
The committee must fix expenses to be incurred on or by the resolution professional, which shall constitute fast track process costs; "expenses" include the fee payable to the resolution professional and other expenses, including costs of engaging professional advisors to be incurred by the resolution professional.
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