<h1>IBBI Amends Liquidation Process Regulations: Committee Must Set Liquidator's Fee or Use Percentage of Realized, Distributed Amounts.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The amendment specifies that the committee of creditors must set the liquidator's fee. If not set, the fee will be a percentage of the amount realized and distributed. It clarifies that a liquidator who realizes funds but does not distribute them is entitled to a fee based on the amount realized, and a liquidator who distributes funds not realized by them is entitled to a fee based on the amount distributed. The amended regulations take effect immediately.