Insolvency professional fee structure: minimum fixed fee and performance-linked incentives for timely resolution and value maximisation. Minimum fixed fee is payable to the interim resolution professional or resolution professional according to the quantum of claims admitted, with higher fee slabs applying as admitted claims increase. The fee applies from appointment until the earliest of submission of an application for approval of a resolution plan, submission of an application to liquidate the corporate debtor, submission of an application for withdrawal, or an order closing the corporate insolvency resolution process. Performance-linked incentive fee may also be paid for timely resolution and value maximisation.
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Provisions expressly mentioned in the judgment/order text.
Insolvency professional fee structure: minimum fixed fee and performance-linked incentives for timely resolution and value maximisation.
Minimum fixed fee is payable to the interim resolution professional or resolution professional according to the quantum of claims admitted, with higher fee slabs applying as admitted claims increase. The fee applies from appointment until the earliest of submission of an application for approval of a resolution plan, submission of an application to liquidate the corporate debtor, submission of an application for withdrawal, or an order closing the corporate insolvency resolution process. Performance-linked incentive fee may also be paid for timely resolution and value maximisation.
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