Discussion paper by the Insolvency and Bankruptcy Board of India (IBBI) on regulation of fees payable to insolvency professionals and other process costs

Posted On : April 09, 2018

The IBBI has released a discussion paper on 01st April, 2018, on the regulation of the fee payable to insolvency professionals and other process costs in relation to the corporate insolvency resolution process under the Insolvency and Bankrupcty Code, 2016.
 
The IBBI has invited suggestions and comments on the issues discussed in the paper which incluce,inter alia, whether the fee charged by the interim resolution professional/resolution professional should be disclosed and be published on the website of the relevant insolvency professional agency and the IBBI; and whether elements of the insolvency resolution process costs be regulated.
 
The suggestions and comments on the discussion paper can be submitted at feedback@ibbi.gov.in latest by 20th April, 2018.
 
The discussion paper can be accessed at:
 
http://ibbi.gov.in/webadmin/pdf/whatsnew/2018/Apr/Fees%20to%20IPs%20Discussion%20Paper%201st%20April18_2018-04-01%2019:14:32.pdf

For more details please visit http://ibbi.gov.in/webadmin/pdf/whatsnew/2018/Apr/Fees%20to%20IPs%20Discussion%20Paper%201st%20April18_2018-04-01%2019:14:32.pdf