Approval of committee for insolvency resolution process costs

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....irst meeting of the committee, along with the justification for incurring such costs, shall be placed by the resolution professional for the approval of the committee at its first meeting. (2) The resolution professional shall prepare a Going Concern Assessment Report which shall include - (a) estimated income, expenditure and cash flows arising from continuation of operations; ....

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.... (a) place statements of estimate of income, expense and cash flow for the period up to the next meeting; (b) seek approval for insolvency resolution process costs proposed to be incurred until the next meeting; and (c) place a statement comparing actual insolvency resolution process costs with the estimates of costs approved by the committee in the previous meeting.] &nbsp....