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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Fast track process costs defined to include interim finance, resolution professional fees, operational expenses and approved process costs. The regulation defines fast track process costs to include interim finance and its raising costs, fees payable to the resolution professional, costs for running the corporate debtor as a going concern, Government facilitation costs, amounts due to suppliers of essential goods and services, claims prejudicially affected by the moratorium, ratified interim resolution professional expenses, expenses fixed for the resolution professional, and other committee approved costs directly relating to the fast track process.
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.
Fast track process costs defined to include interim finance, resolution professional fees, operational expenses and approved process costs.
The regulation defines fast track process costs to include interim finance and its raising costs, fees payable to the resolution professional, costs for running the corporate debtor as a going concern, Government facilitation costs, amounts due to suppliers of essential goods and services, claims prejudicially affected by the moratorium, ratified interim resolution professional expenses, expenses fixed for the resolution professional, and other committee approved costs directly relating to the fast track process.
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