Liquidator remuneration must be treated as part of liquidation cost under the voluntary liquidation framework. The regulation provides that the remuneration payable to the liquidator shall form part of the liquidation cost under the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, thereby characterising liquidator payments as expenses of the liquidation 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.
Liquidator remuneration must be treated as part of liquidation cost under the voluntary liquidation framework.
The regulation provides that the remuneration payable to the liquidator shall form part of the liquidation cost under the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, thereby characterising liquidator payments as expenses of the liquidation process.
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