Liquidator Remuneration and fee payment to Central Government governed by Tribunal-approved scales and controls. Fees in LLP winding up must be paid into the public account to the credit of the Central Government from LLP assets or by the petitioner, with Tribunal approval of the Official Liquidator's remuneration. Specific fee scales apply to realized assets, distributable sums and secured creditor realizations; provisional liquidator fees, trustee fees under schemes, special duties, voluntary winding-up remuneration, additional liquidators and reconstruction-related fees are all subject to Tribunal determination or prescribed scales.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator Remuneration and fee payment to Central Government governed by Tribunal-approved scales and controls.
Fees in LLP winding up must be paid into the public account to the credit of the Central Government from LLP assets or by the petitioner, with Tribunal approval of the Official Liquidator's remuneration. Specific fee scales apply to realized assets, distributable sums and secured creditor realizations; provisional liquidator fees, trustee fees under schemes, special duties, voluntary winding-up remuneration, additional liquidators and reconstruction-related fees are all subject to Tribunal determination or prescribed scales.
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