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of <h1>Insolvency professional fees set by applicant or committee under Regulation 34B; performance incentives capped at 5 crores.</h1> The fee for interim resolution professionals and resolution professionals in insolvency cases is determined by the applicant or committee as per Regulation 34B of the Insolvency and Bankruptcy Board of India regulations. For appointments made after October 1, 2022, the fee must meet a minimum standard specified in Schedule-II, though higher fees can be set based on factors like business size and complexity. Fees may include a performance-linked incentive, capped at five crore rupees, and are part of the insolvency resolution process cost, funded by the corporate debtor, the applicant, or committee members.
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