https://www.taxtmi.com/notifications?id=139159 Regulation 34B prescribes that fees of interim resolution professionals and resolution professionals are to be decided by the applicant or committee but shall not be less than statutory minimums for appointments on or after 1 October 2022; minimum fixed fees are set by admitted-claims bands and apply until plan submission, liquidation application, withdrawal, or closure. Performance-linked incentives include time-based percentages of the realisable value for timely submission and a one percent incentive on value realised above liquidation value. Fees may be paid from debtor funds, applicant or committee contributions, or interim finance and form part of the insolvency resolution process cost. en-us Tue, 13 Sep 2022 00:00:00 +0530 Wed, 14 Sep 2022 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139159 Regulation 34B prescribes that fees of interim resolution professionals and resolution professionals are to be decided by the applicant or committee but shall not be less than statutory minimums for appointments on or after 1 October 2022; minimum fixed fees are set by admitted-claims bands and apply until plan submission, liquidation application, withdrawal, or closure. Performance-linked incentives include time-based percentages of the realisable value for timely submission and a one percent incentive on value realised above liquidation value. Fees may be paid from debtor funds, applicant or committee contributions, or interim finance and form part of the insolvency resolution process cost. Notifications IBC Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139159