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    <title>2026 (9) TMI 465 - BOMBAY HIGH COURT</title>
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    <description>Guidelines dated 1 February 1994 govern valuation assignments undertaken in 2004. Prior sanction is required for payment of fees above the prescribed ceiling, rather than for appointment of the valuer, and separate valuation exercises may attract separate fee ceilings. Accepted and non-deficient work may receive post facto sanction for reasonable fees exceeding those ceilings. Exceptional delay in payment may justify interest as compensation for the time value of earned fees, but excludes overlapping inflation-linked enhancement for the same period. Recovery is confined to available proceeding funds or the appropriate liquidation process; neither public funds nor third-party assets are liable absent proof overcoming separate corporate personality. Completion of receiver functions and absence of suit funds permit discharge of the Court Receiver and closure of the suit account.</description>
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      <link>https://www.taxtmi.com/caselaws?id=798439</link>
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