Filing fee requirement for insolvency applications: different fees apply to financial, operational and corporate applicants under the rules.

Requirement for payment of prescribed filing fees for applications to the Adjudicating Authority under the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016: the schedule prescribes distinct fees, fixing a higher fee for a financial creditor (whether solely or jointly) and for a corporate debtor, and a lower fee for an operational creditor, as the fee payable under sub rule (3) of rule 10.

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