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of <h1>Understanding Insolvency Resolution Costs: Interim Finance, Professional Fees, and Operational Expenses Under Section 5(13) IBC 2016.</h1> Insolvency resolution process costs, as defined by section 5(13) of the Insolvency and Bankruptcy Code, 2016, include expenses related to interim finance and its procurement, fees for the resolution professional, costs incurred by the resolution professional in maintaining the corporate debtor's business operations, government-incurred expenses to aid the insolvency resolution process, and any additional costs specified by the Board.
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