{"id":23020,"date":"2022-08-19T14:17:55","date_gmt":"2022-08-19T08:47:55","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=23020"},"modified":"2023-02-03T14:59:57","modified_gmt":"2023-02-03T09:29:57","slug":"liquidator-fees-to-be-paid-cirp-regulations","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/","title":{"rendered":"Liquidator Fees to be paid CIRP Regulations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69cffdce23744\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69cffdce23744\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Liquidator_Fees_to_be_paid_Regulation_39D_of_CIRP_Regulations\" title=\"Liquidator Fees to be paid Regulation 39(D) of CIRP Regulations\">Liquidator Fees to be paid Regulation 39(D) of CIRP Regulations<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#What_is_liquidator_Fees_to_be_paid_CIRP_Regulations\" title=\"What is liquidator Fees to be paid CIRP Regulations?\u00a0\">What is liquidator Fees to be paid CIRP Regulations?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Liquidator_Fee_-_Regulation_4_of_Liquidation_Regulations\" title=\"Liquidator Fee :- Regulation 4 of Liquidation Regulations\">Liquidator Fee :- Regulation 4 of Liquidation Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Liquidators_Fees_as_per_the_Regulations_if_not_decided_by_COC\" title=\"Liquidator\u2019s Fees as per the Regulations (if not decided by COC)\">Liquidator\u2019s Fees as per the Regulations (if not decided by COC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Amount_of_Realisation_exclusive_of_liquidation_costs\" title=\"Amount of Realisation (exclusive of liquidation costs)\">Amount of Realisation (exclusive of liquidation costs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Amount_Distributed_to_Stakeholders\" title=\"Amount Distributed to Stakeholders\">Amount Distributed to Stakeholders<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Meaning_of_Liquidation_Costs\" title=\"Meaning of Liquidation Costs\">Meaning of Liquidation Costs<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Liquidation_cost_Us_5_16_Regulation_2ea_means\" title=\"Liquidation cost U\/s 5 (16) &amp; Regulation 2(ea) means-\">Liquidation cost U\/s 5 (16) &amp; Regulation 2(ea) means-<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#How_to_meeting_Liquidation_Costs_as_per_CIRP_Regulations\" title=\"How to meeting Liquidation Costs as per CIRP Regulations ?\">How to meeting Liquidation Costs as per CIRP Regulations ?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Meeting_Liquidation_Costs_Regulation_39B_of_CIRP_Regulations\" title=\"Meeting Liquidation Costs Regulation 39(B) of CIRP Regulations\">Meeting Liquidation Costs Regulation 39(B) of CIRP Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Contribution_to_Liquidation_Costs_%E2%80%93_Regulation_2_A\" title=\"Contribution to Liquidation Costs \u2013 Regulation 2 (A) \">Contribution to Liquidation Costs \u2013 Regulation 2 (A) <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/#Services_in_the_field_of_Insolvency_Laws\" title=\"Services in the field of Insolvency Laws\">Services in the field of Insolvency Laws<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23021\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/08\/Liquidator-Fees-to-be-paid-CIRP-Regulations.jpg\" alt=\"Liquidator Fees to be paid CIRP Regulations\" width=\"854\" height=\"449\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/08\/Liquidator-Fees-to-be-paid-CIRP-Regulations.jpg 310w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/08\/Liquidator-Fees-to-be-paid-CIRP-Regulations-300x158.jpg 300w\" sizes=\"(max-width: 854px) 100vw, 854px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Liquidator_Fees_to_be_paid_Regulation_39D_of_CIRP_Regulations\"><\/span><span style=\"color: #ff0000;\"><strong><u>Liquidator Fees to be paid Regulation 39(D) of CIRP Regulations<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_liquidator_Fees_to_be_paid_CIRP_Regulations\"><\/span><span style=\"color: #ff0000;\">What is liquidator Fees to be paid CIRP Regulations?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Fees of the Liquidator<\/strong><\/span><\/p>\n<p>While approving a resolution plan under section 30 or deciding to liquidate the corporate debtor under section 33, the committee may, in consultation with the resolution professional, fix the fee payable to the liquidator, if an order for liquidation is passed under section 33 \u2013<\/p>\n<ul>\n<li>For the period, if any, used for compromise or arrangement under section 230 of the Companies Act, 2013;<\/li>\n<li>For-the period, if any, used for sale under clauses (e) and (f) of Regulation 32 of the IBBI Liquidation Process Regulations, 2016;(Sale\u00a0 as Going Concern) and<\/li>\n<li>For the balance period of liquidation.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Liquidator_Fee_-_Regulation_4_of_Liquidation_Regulations\"><\/span><span style=\"color: #000080;\"><strong>Liquidator Fee :- Regulation 4 of Liquidation Regulations<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The fee payable to the liquidator shall form part of the liquidation cost (EARLIER)<\/li>\n<li>Provided that the cost, if any, incurred by the liquidator in relation to compromise or arrangement under section 230 of the Companies Act, 2013 (18 of 2013), if any, shall not form part of liquidation cost<\/li>\n<li>Fee payable to the liquidator shall be in accordance with the decision taken by the committee of creditors under Regulation 39D of the IBBI CIRP Regulations, 2016<\/li>\n<li>In cases other than those covered under sub-regulation (1), the liquidator shall be entitled to a fee &#8211;\n<ul>\n<li><em> At the same rate as the RP was entitled to during the corporate insolvency resolution process, for the period of compromise or arrangement under section 230 of the Companies Act, 2013 (18 of 2013); and<\/em><\/li>\n<li><em> as a percentage of the amount realised net of other liquidation costs, and of the amount distributed, for the balance period of liquidation, as under<\/em><strong><u>\u00a0<\/u><\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Liquidators_Fees_as_per_the_Regulations_if_not_decided_by_COC\"><\/span><span style=\"color: #000080;\"><strong><u>Liquidator\u2019s Fees as per the Regulations (if not decided by COC)<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23022\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/08\/Liquidators-Fees-as-per-the-Regulations-if-not-decided-by-COC.jpg\" alt=\"Liquidator\u2019s Fees as per the Regulations (if not decided by COC)\" width=\"817\" height=\"544\" \/><\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td rowspan=\"2\" width=\"30%\"><strong>Amount of Realisation \/<\/strong><strong>Distribution (In INR)<\/strong><\/td>\n<td colspan=\"3\" width=\"69%\"><strong>Percentage of fee on the amount realised \/ distributed<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"18%\">in the first six\u00a0 months<\/td>\n<td width=\"25%\">in the next six months<\/td>\n<td width=\"25%\"><strong>Thereafter<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" width=\"100%\">\n<h3><span class=\"ez-toc-section\" id=\"Amount_of_Realisation_exclusive_of_liquidation_costs\"><\/span><span style=\"color: #000080;\"><strong>Amount of Realisation (exclusive of liquidation costs)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On the first 1 crore<\/strong><\/td>\n<td width=\"18%\">5.00<\/td>\n<td width=\"25%\">3.75<\/td>\n<td width=\"25%\"><strong>1.88<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On-the next 9 crore<\/strong><\/td>\n<td width=\"18%\">3.75<\/td>\n<td width=\"25%\">2.80<\/td>\n<td width=\"25%\"><strong>1.41<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On the next 40 crore<\/strong><\/td>\n<td width=\"18%\">2.50<\/td>\n<td width=\"25%\">1.88<\/td>\n<td width=\"25%\"><strong>0.94<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On-the next 50 crore<\/strong><\/td>\n<td width=\"18%\">1.25<\/td>\n<td width=\"25%\">0.94<\/td>\n<td width=\"25%\"><strong>0.51<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On further sums realized<\/strong><\/td>\n<td width=\"18%\">0.25<\/td>\n<td width=\"25%\">0.19<\/td>\n<td width=\"25%\"><strong>0.10<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" width=\"100%\">\n<h3><span class=\"ez-toc-section\" id=\"Amount_Distributed_to_Stakeholders\"><\/span><span style=\"color: #000080;\"><strong>Amount Distributed to Stakeholders<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On the first 1 crore<\/strong><\/td>\n<td width=\"18%\">2.50<\/td>\n<td width=\"25%\">1.88<\/td>\n<td width=\"25%\"><strong>0.94<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On-the next 9 crore<\/strong><\/td>\n<td width=\"18%\">1.88<\/td>\n<td width=\"25%\">1.40<\/td>\n<td width=\"25%\"><strong>0.71<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On the next 40 crore<\/strong><\/td>\n<td width=\"18%\">1.25<\/td>\n<td width=\"25%\">0.94<\/td>\n<td width=\"25%\"><strong>0.47<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On-the next 50 crore<\/strong><\/td>\n<td width=\"18%\">0.63<\/td>\n<td width=\"25%\">0.48<\/td>\n<td width=\"25%\"><strong>0.25<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"30%\"><strong>On further sums distributed<\/strong><\/td>\n<td width=\"18%\"><strong>0.13<\/strong><\/td>\n<td width=\"25%\"><strong>0.10<\/strong><\/td>\n<td width=\"25%\"><strong>0.05<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Where the fee is payable under regulation (2)(b), the liquidator shall be entitled to receive half of the fee payable on realisation only after such realised amount is distributed.<\/li>\n<li>For the purposes of clause (b), it is hereby clarified that where a liquidator realises any amount, but does not distribute the same, he shall be entitled to a fee corresponding to the amount realised by him. Where a liquidator distributes any amount, which is not realised by him, he shall be entitled to a fee corresponding to the amount distributed by him.<\/li>\n<li>Regulation 4 of these regulations, as it stood before the commencement of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019 shall continue to be applicable in relation to the liquidation processes already commenced before the coming into force of the said amendment Regulations.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Meaning_of_Liquidation_Costs\"><\/span><span style=\"color: #ff0000;\"><strong><u>Meaning of Liquidation Costs<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Liquidation_cost_Us_5_16_Regulation_2ea_means\"><\/span><span style=\"color: #000080;\"><strong>Liquidation cost U\/s 5 (16) &amp; Regulation 2(ea) means-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Fee Payable To The Liquidator Under Regulation 4;<\/li>\n<li>Remuneration Payable By The Liquidator Under Regulation 7 (1)-<span style=\"color: #000080;\"> <strong>PROFESSIONALS;<\/strong><\/span><\/li>\n<li>Costs Incurred By The Liquidator Under Regulation 24(2)- <span style=\"color: #000080;\"><strong>Verification And Determination Of Claim;<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>Costs Incurred By The Liquidator For Preserving &amp; Protecting the Assets, Properties, Effects &amp; Actionable Claims, Including Secured Assets of The Corporate Debtor;<\/strong><\/span><\/p>\n<ul>\n<li>Costs Incurred By The Liquidator in carrying on the business of the corporate debtor as a going concern;<\/li>\n<li>Interest On Interim Finance For a period Of 12 Months Or For The Period From The Liquidation Commencement Date Till Repayment Of Interim Finance, Whichever Is Lower;<\/li>\n<li>The Amount Repayable To Contributories Under Sub-regulation (3) Of Regulation 2A;<\/li>\n<li>Any Other Cost incurred by the liquidator which is essential for completing the liquidation process:<\/li>\n<\/ul>\n<p>Provided that the cost, if any, incurred by the liquidator in relation to compromise or arrangement under section 230 of the Companies Act, 2013 (18 of 2013), if any, shall not form part of liquidation cost.<\/p>\n<p><a href=\"https:\/\/carajput.com\/archives\/fee-payment-structure-of-iibbi-fees-payable-to-the-ibbi-board.pdf\"><span style=\"color: #000080;\"><strong>Fee Payment structure of IBBI fees payable to the IBBI \/ Board<\/strong><\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_meeting_Liquidation_Costs_as_per_CIRP_Regulations\"><\/span><span style=\"color: #ff0000;\"><strong><u>How to meeting Liquidation Costs as per CIRP Regulations ?<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Meeting_Liquidation_Costs_Regulation_39B_of_CIRP_Regulations\"><\/span><span style=\"color: #000080;\"><strong><u>Meeting Liquidation Costs Regulation 39(B) of CIRP Regulations<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>While approving a resolution plan under Section 30(4) or deciding to liquidate the corporate debtor under Section 33 (2), the committee may make a best estimate of the amount required to meet <a href=\"https:\/\/www.caindelhiindia.com\/blog\/initiation-of-liquidation-under-the-ibc\/\">liquidation<\/a> costs, in consultation with the resolution professional, in the event an order for liquidation is passed under\u00a0 section 33.<\/li>\n<\/ul>\n<ul>\n<li>The committee shall make a best estimate of the value of the liquid assets available to meet the liquidation costs, as estimated in sub-regulation (1).<\/li>\n<li>Where the estimated value of the liquid assets is less than the estimated liquidation costs, the committee shall approve a plan providing for contribution for meeting the difference between the two.<\/li>\n<li>The resolution professional shall submit the plan approved under sub- regulation (3) to the Adjudicating Authority while filing the approval or decision of the committee under section 30 or 33, as the case may be.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Contribution_to_Liquidation_Costs_%E2%80%93_Regulation_2_A\"><\/span><span style=\"color: #000080;\"><strong><u>Contribution to Liquidation Costs \u2013 Regulation 2 (A) <\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Where the committee of creditors did not approve a plan under regulation 39B(3) of the\u00a0 Insolvency and Bankruptcy Board of India (Insolvency\u00a0 Resolution Process for Corporate Persons) Regulations,\u00a0 2016,<\/li>\n<li>The liquidator shall call upon the financial\u00a0 creditors, being financial institutions, to contribute the\u00a0 excess of the liquidation costs over the liquid assets of\u00a0 the corporate debtor, as estimated by him, in\u00a0 proportion to the financial debts owed to them by the\u00a0 corporate debtor.<\/li>\n<li>Eg. Assume that the excess of liquidation costs over liquid assets is Rs.10, as estimated by the liquidator. Financial creditors will be called upon to contribute, as under:<\/li>\n<\/ul>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td width=\"6%\"><strong>Sl.<\/strong><\/p>\n<p><strong>No.<\/strong><\/td>\n<td width=\"30%\"><strong>Financial creditors<\/strong><\/td>\n<td width=\"29%\"><strong>Amount of debt due to financial <\/strong><strong>creditors (Rs.)<\/strong><\/td>\n<td width=\"33%\"><strong>Amount to be contributed towards <\/strong><strong>liquidation cost (Rs.)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"6%\"><strong>(1)<\/strong><\/td>\n<td width=\"30%\">(2)<\/td>\n<td width=\"29%\">(3)<\/td>\n<td width=\"33%\"><strong>(4)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"6%\"><strong>1<\/strong><\/td>\n<td width=\"30%\">Financial institution A<\/td>\n<td width=\"29%\">40<\/td>\n<td width=\"33%\"><strong>04<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"6%\"><strong>2<\/strong><\/td>\n<td width=\"30%\">Financial institution B<\/td>\n<td width=\"29%\">60<\/td>\n<td width=\"33%\"><strong>06<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"6%\"><strong>3<\/strong><\/td>\n<td width=\"30%\">Non-financial institution A<\/td>\n<td width=\"29%\">50<\/td>\n<td width=\"33%\"><strong>00<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"6%\"><strong>4<\/strong><\/td>\n<td width=\"30%\">Non financial institution B<\/td>\n<td width=\"29%\">50<\/td>\n<td width=\"33%\"><strong>00<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"36%\"><strong>Total<\/strong><\/td>\n<td width=\"29%\"><strong>200<\/strong><\/td>\n<td width=\"33%\"><strong>10<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Contributions made under the plan approved under Regulation 39B (3) of\u00a0 the CIRP Regulations, 2016 or contributions made under sub-regulation (1), as\u00a0 the case may be, shall be deposited in a designated escrow account to be\u00a0 opened and maintained in a scheduled bank, within seven days of the passing\u00a0 of the liquidation order<\/li>\n<li>The amount contributed under regulation 39B (2) shall be repayable with\u00a0 interest at bank rate referred to in section 49 of the Reserve Bank of India Act,\u00a0 1934 (2 of 1934) as part of liquidation cost.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>Popular blog:-<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/liquidation-process-for-cd-under-ibc\/\">Liquidation Process for CD under IBC\u00a0<\/a><\/strong><\/span><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/initiation-of-liquidation-under-the-ibc\/\"><strong>Initiation of Liquidation under the IBC Code\u00a0<\/strong><\/a><\/li>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/sale-as-going-concern-under-liquidation\/\">Sale as Going concern under liquidation\u00a0<\/a><\/strong><\/span><\/li>\n<li><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/liquidator-fees-to-be-paid-cirp-regulations\/\">Liquidator fees to be paid CIRP Regulations<\/a><\/strong><\/span><span style=\"color: #000080;\"><strong><br \/>\n<\/strong><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/ibc-forms-insolvency-and-bankruptcy-code-2016-forms-demand-notices-returns\/\"><strong>IBC Forms Insolvency and Bankruptcy Code 2016 Forms Demand Notices Returns<\/strong><\/a><\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Services_in_the_field_of_Insolvency_Laws\"><\/span><span style=\"color: #000080;\"><i><span lang=\"EN-US\"><b>Services in the field of Insolvency Laws<\/b><\/span><\/i><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><i><span lang=\"EN-US\">Services as \u2018Insolvency Professionals\u2019<\/span><\/i><\/li>\n<li><i><span lang=\"EN-US\">Team of Experts to act as an \u2018Insolvency Professional\u2019.<\/span><\/i><\/li>\n<li><i>Equipped with the required infrastructure to take control of Corporate Debtor and to make a meaningful concern in the long run.<\/i><\/li>\n<li><i>Cash flow monitoring and coordinating with banks<\/i><\/li>\n<li><i>Drafting &amp; vetting of Expression of Interest, Information Memorandum and Evaluation Matrix<\/i><\/li>\n<li><i>Expert team for filing and Verification of claims<\/i><\/li>\n<li><i>Drafting and Filing reports with the Adjudicating Authority (NCLT)<\/i><\/li>\n<li><i>Filing of replies and applications with the Adjudicating Authority as and when the situation demands.<\/i><\/li>\n<li><i>Equipped with necessary Infrastructure to Liquidate the Corporate Debtors-<\/i><\/li>\n<li><i>Assist in Valuation &amp; <a href=\"https:\/\/carajput.com\/publications\/audit-vs-forensic-audit.pdf\">Forensic audit<\/a>\/Transaction audit, Assist in Sale of the corporate debtor as going concerned<\/i><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liquidator Fees to be paid Regulation 39(D) of CIRP Regulations What is liquidator Fees to be paid CIRP Regulations?\u00a0 Fees of the Liquidator While approving a resolution plan under section 30 or deciding to liquidate the corporate debtor under section 33, the committee may, in consultation with the resolution professional, fix the fee payable to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10081],"tags":[10067],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23020"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=23020"}],"version-history":[{"count":6,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23020\/revisions"}],"predecessor-version":[{"id":23996,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23020\/revisions\/23996"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=23020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=23020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=23020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}