https://www.taxtmi.com/caselaws?id=772011 Under the IBC liquidation framework, a liquidator's fee is computed under Regulation 4 on the amount realised after deducting liquidation costs where the committee of creditors has not fixed the fee. Costs incurred in carrying on the corporate debtor as a going concern were treated as part of liquidation cost for priority and fee computation, and the later clarification on "amount realised" did not create any payable balance once those costs were netted off. On the facts recorded, the sales turnover and recoveries were lower than the liquidation costs, so no liquidator's fee was payable and the remuneration claim failed. en-us Fri, 30 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 08:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772011 Under the IBC liquidation framework, a liquidator's fee is computed under Regulation 4 on the amount realised after deducting liquidation costs where the committee of creditors has not fixed the fee. Costs incurred in carrying on the corporate debtor as a going concern were treated as part of liquidation cost for priority and fee computation, and the later clarification on "amount realised" did not create any payable balance once those costs were netted off. On the facts recorded, the sales turnover and recoveries were lower than the liquidation costs, so no liquidator's fee was payable and the remuneration claim failed. Case-Laws IBC Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772011