https://www.taxtmi.com/notifications?id=143162 New regulations require the resolution professional, after committee approval, to hand over possession and facilitate registration where an allottee has performed contractual obligations. For very large creditor classes, the committee may appoint up to five facilitators for sub classes meeting request thresholds; facilitator fees are fixed as a percentage of authorised representative fees and included in insolvency process costs. Resolution professionals must prepare and submit, within the prescribed timeline, a report on development rights and permissions for any real estate project to the committee and Adjudicating Authority. en-us Mon, 03 Feb 2025 00:00:00 +0530 Wed, 05 Feb 2025 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=143162 New regulations require the resolution professional, after committee approval, to hand over possession and facilitate registration where an allottee has performed contractual obligations. For very large creditor classes, the committee may appoint up to five facilitators for sub classes meeting request thresholds; facilitator fees are fixed as a percentage of authorised representative fees and included in insolvency process costs. Resolution professionals must prepare and submit, within the prescribed timeline, a report on development rights and permissions for any real estate project to the committee and Adjudicating Authority. Notifications IBC Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=143162