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    <description>A regulatory fee is payable to the Board where a section 31 approved resolution plan yields a realisable value to creditors exceeding liquidation value, at the rate specified, applicable to plans approved on or after 1 October 2022, with an exemption for plans by associations or groups of allottees in real estate projects. Separately, a regulatory fee is payable to the Board on one per cent of the cost booked as insolvency resolution process costs for hiring professionals or other services by the interim resolution professional or resolution professional, in the manner prescribed under the Insolvency Professionals Regulations.</description>
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