Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional.

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....nals All Registered Insolvency Professional Agencies (By mail to registered email addresses and on web site of the IBBI) Dear Madam / Sir, Sub: Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional. Section 206 of the Insolvency and Bankruptcy Code, 2016 (Code) provides that only a person registered as an insolvency professiona....

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....ed in a transparent manner, and is a reasonable reflection of the work necessarily and properly undertaken. He shall not accept any fees or charges other than those which are disclosed to and approved by the persons fixing his remuneration. 3. In view of the above, it is clarified that an insolvency professional shall render services for a fee which is a reasonable reflection of his work, raise....