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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Regulation 31A imposes 0.25% fee on approved resolution plans exceeding liquidation value; 1% fee for professional costs.</h1> Regulation 31A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, mandates a regulatory fee of 0.25% of the realisable value to creditors under an approved resolution plan, applicable if the plan is approved on or after October 1, 2022, and exceeds the liquidation value. This fee does not apply to real estate projects resolved by an association of allottees. Additionally, a 1% fee on costs for hiring professionals during the insolvency process is payable, as specified in related regulations.