https://www.taxtmi.com/caselaws?id=412401 The Tribunal concluded that the distribution of CIRP & liquidation costs should be based on the percentage of realization, with insolvency resolution process costs and liquidation costs deducted before distribution. Regulation 2A did not apply to the liquidation proceedings as it commenced before the amendment date. The period of dispute between the liquidator and secured creditor should be excluded when calculating the liquidator's fees. Secured creditors who realized their property were directed to pay liquidation costs incurred after realization from the funds realized. en-us Tue, 10 Aug 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412401 The Tribunal concluded that the distribution of CIRP & liquidation costs should be based on the percentage of realization, with insolvency resolution process costs and liquidation costs deducted before distribution. Regulation 2A did not apply to the liquidation proceedings as it commenced before the amendment date. The period of dispute between the liquidator and secured creditor should be excluded when calculating the liquidator's fees. Secured creditors who realized their property were directed to pay liquidation costs incurred after realization from the funds realized. Case-Laws Insolvency and Bankruptcy Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412401