https://www.taxtmi.com/caselaws?id=426692 Liquidator's remuneration was treated as part of liquidation cost, and where the committee of creditors had not fixed the fee before the liquidation order, it had to be determined under Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016 as it stood before the 25.07.2019 amendment. The approved compromise and arrangement scheme did not support separating the fee into an immediate standalone claim independent of actual realisation and distribution. The earlier order had already quantified the fee under the applicable liquidation framework, and the later order correctly clarified that payment would arise only on actual receipt and disbursal in the regulated manner. en-us Tue, 02 Aug 2022 00:00:00 +0530 Wed, 24 Aug 2022 08:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426692 Liquidator's remuneration was treated as part of liquidation cost, and where the committee of creditors had not fixed the fee before the liquidation order, it had to be determined under Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016 as it stood before the 25.07.2019 amendment. The approved compromise and arrangement scheme did not support separating the fee into an immediate standalone claim independent of actual realisation and distribution. The earlier order had already quantified the fee under the applicable liquidation framework, and the later order correctly clarified that payment would arise only on actual receipt and disbursal in the regulated manner. Case-Laws Insolvency and Bankruptcy Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426692