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CIRP - Exemption from Regulatory fee, where the resolution plan is submitted by the association or group of allottees in such real estate project - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023 - IBBI/2023-24/GN/REG102. - Insolvency and Bankruptcy
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Exemption from regulatory fee where an allottee association submits an approved resolution plan for a real estate insolvency. Amendment clarifies that the regulatory fee under regulation 31A(1) is not payable where an approved resolution plan for the insolvency resolution of a real estate project is submitted by an association or group of allottees in that project, removing doubt about fee liability for allottee sponsored approved plans.
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.
Exemption from regulatory fee where an allottee association submits an approved resolution plan for a real estate insolvency.
Amendment clarifies that the regulatory fee under regulation 31A(1) is not payable where an approved resolution plan for the insolvency resolution of a real estate project is submitted by an association or group of allottees in that project, removing doubt about fee liability for allottee sponsored approved plans.
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