Duties of resolution professional require preparing statutory report and electronic filing; fees form part of pre-pack costs when admitted. The proposed resolution professional must prepare a report in Form F8 confirming compliance with section 54A and base resolution plan conformity, file reports and enclosures on the electronic platform as required, and perform other specified duties; those duties cease if the corporate debtor fails to file within the declared period or if the application is admitted or rejected. Fees for pre initiation duties are to be determined and borne as specified and form part of pre pack costs if the application is admitted, while failure to file or rejection makes the corporate debtor liable for those fees.
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.
Duties of resolution professional require preparing statutory report and electronic filing; fees form part of pre-pack costs when admitted.
The proposed resolution professional must prepare a report in Form F8 confirming compliance with section 54A and base resolution plan conformity, file reports and enclosures on the electronic platform as required, and perform other specified duties; those duties cease if the corporate debtor fails to file within the declared period or if the application is admitted or rejected. Fees for pre initiation duties are to be determined and borne as specified and form part of pre pack costs if the application is admitted, while failure to file or rejection makes the corporate debtor liable for those fees.
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