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of <h1>India Updates Insolvency Rules: New Fee Structure for Professionals, Incentives for Timely Resolutions Under Regulation 34B.</h1> The Insolvency and Bankruptcy Board of India issued the Third Amendment Regulations, 2022, effective upon publication in the Official Gazette. The amendment introduces a new regulation, 34B, detailing the fee structure for interim and resolution professionals. The fee is determined by the applicant or committee and must meet minimum standards based on the quantum of claims. Additionally, performance-linked incentive fees are introduced for timely resolution and value maximization, with specific percentages based on realisable value and resolution timelines. These fees are part of the insolvency resolution process costs and may be paid from available corporate debtor funds or interim finance.
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