https://www.taxtmi.com/article/detailed?id=10692 Amendments prohibit insolvency professionals from accepting or sharing fees with appointed professionals or support service providers. They prescribe minimum monthly fees for interim and resolution professionals based on claim bands, applicable from appointment until the earliest of plan submission, liquidation filing, withdrawal application, or closure order. The applicant or committee may fix higher fees with reasons on record, and fees form part of insolvency resolution process costs recoverable subject to committee ratification. A two-part performance linked incentive regime for timely resolution and value maximization is introduced, payable after plan approval and commencement of creditor payments. en-us Sat, 17 Sep 2022 12:57:05 +0530 Sat, 17 Sep 2022 12:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10692 Amendments prohibit insolvency professionals from accepting or sharing fees with appointed professionals or support service providers. They prescribe minimum monthly fees for interim and resolution professionals based on claim bands, applicable from appointment until the earliest of plan submission, liquidation filing, withdrawal application, or closure order. The applicant or committee may fix higher fees with reasons on record, and fees form part of insolvency resolution process costs recoverable subject to committee ratification. A two-part performance linked incentive regime for timely resolution and value maximization is introduced, payable after plan approval and commencement of creditor payments. Articles Corporate Laws / IBC / SEBI Sat, 17 Sep 2022 12:57:05 +0530 https://www.taxtmi.com/article/detailed?id=10692