Outgoing Liquidator Entitled to Minimum Fee of Rs. 2 Lakh as Per IBBI Regulations: NCLT [Read Order]

The bench viewed that SCC rejected the fee proposed by the Professionals with a 93.37% vote without due application of mind and appointed Sreenivasan P.R. as the Liquidator
By Yogitha S. Yogesh - On March 27, 2025 1:23 pm - 3 mins read
Liquidator fee - NCLT ruling - IBBI regulations - taxscan

The National Company Law Tribunal (NCLT), Kochi bench has held that if the liquidator is replaced, he is entitled to a minimum fee of Rs. 2 lakh as per Schedule II of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for the tenure he has worked. Read More: BCI Must Respond to Representation…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader