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of <h1>Understanding Insolvency Resolution Costs: Key Elements Under Regulation 31 of 2016 Regulations Explained</h1> Insolvency resolution process costs, as defined under Regulation 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016, include several components. These are amounts due to suppliers of essential goods and services, fees and expenses for authorized representatives and facilitators, costs incurred by interim and resolution professionals, and other expenses directly related to the corporate insolvency resolution process approved by the committee. These costs also encompass fees payable to the Board and expenses for those adversely affected by the moratorium under the relevant section.
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