https://www.taxtmi.com/caselaws?id=782496 NCLAT dismissed the liquidator's appeal seeking fixation of a monthly fee during the liquidation period. Applying Regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016, the Tribunal held that the liquidator's fee, being percentage-based on amounts realised or distributed net of liquidation costs, was not payable where no assets were realised or distributed. It further noted that neither the CoC at the time of recommending liquidation nor the SCC during liquidation had fixed any separate remuneration. Consequently, the adjudicating authority's refusal to grant a fixed monthly fee of Rs. 2.5 lakhs was upheld. en-us Wed, 15 Oct 2025 00:00:00 +0530 Mon, 01 Dec 2025 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782496 NCLAT dismissed the liquidator's appeal seeking fixation of a monthly fee during the liquidation period. Applying Regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016, the Tribunal held that the liquidator's fee, being percentage-based on amounts realised or distributed net of liquidation costs, was not payable where no assets were realised or distributed. It further noted that neither the CoC at the time of recommending liquidation nor the SCC during liquidation had fixed any separate remuneration. Consequently, the adjudicating authority's refusal to grant a fixed monthly fee of Rs. 2.5 lakhs was upheld. Case-Laws IBC Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782496