Liquidator's fee framework sets committee fixation first, with default slab-based remuneration tied to stakeholder distributions and liquidation timelines. Liquidator's remuneration may be fixed by the committee in the first meeting after appointment in accordance with section 34(8). If not fixed, a default fee applies as a percentage of the amount distributed to stakeholders, using graded slabs and different rates for the first six months, the next six months, and thereafter. The fee is calculated on distributions exclusive of liquidation costs, and the amended regulation applies to liquidation processes commencing on or after the commencement of the 2026 amendment.
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's fee framework sets committee fixation first, with default slab-based remuneration tied to stakeholder distributions and liquidation timelines.
Liquidator's remuneration may be fixed by the committee in the first meeting after appointment in accordance with section 34(8). If not fixed, a default fee applies as a percentage of the amount distributed to stakeholders, using graded slabs and different rates for the first six months, the next six months, and thereafter. The fee is calculated on distributions exclusive of liquidation costs, and the amended regulation applies to liquidation processes commencing on or after the commencement of the 2026 amendment.
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