Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Chapter IX INSOLVENCY RESOLUTION PROCESS COSTS
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Insolvency resolution process costs are fixed by the committee and include fees to the resolution professional and other incurred expenses. The committee shall determine the expenses to be incurred on or by the resolution professional and such expenses shall constitute insolvency resolution process costs; expenses include the fee payable to the resolution professional, any fee payable to an insolvency professional entity, fees to engaged professionals, and other expenses 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.
Insolvency resolution process costs are fixed by the committee and include fees to the resolution professional and other incurred expenses.
The committee shall determine the expenses to be incurred on or by the resolution professional and such expenses shall constitute insolvency resolution process costs; expenses include the fee payable to the resolution professional, any fee payable to an insolvency professional entity, fees to engaged professionals, and other expenses incurred by the resolution professional.
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