https://www.taxtmi.com/caselaws?id=751357 The NCLAT dismissed an appeal regarding liquidator remuneration fixation. The tribunal held that under existing IBBI regulations at the time of liquidation order, liquidator fees must be either fixed by Committee of Creditors under Regulation 39D or calculated as percentage of realized/distributed amounts during liquidation process. Since no fees were fixed by CoC and assets were under attachment preventing auction, the liquidator would only receive percentage-based fees upon actual realization and distribution of proceeds from asset auction, not monthly remuneration. en-us Wed, 10 Apr 2024 00:00:00 +0530 Sat, 13 Apr 2024 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751357 The NCLAT dismissed an appeal regarding liquidator remuneration fixation. The tribunal held that under existing IBBI regulations at the time of liquidation order, liquidator fees must be either fixed by Committee of Creditors under Regulation 39D or calculated as percentage of realized/distributed amounts during liquidation process. Since no fees were fixed by CoC and assets were under attachment preventing auction, the liquidator would only receive percentage-based fees upon actual realization and distribution of proceeds from asset auction, not monthly remuneration. Case-Laws Insolvency and Bankruptcy Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751357