Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 Chapter IX FAST TRACK PROCESS COSTS
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.