Regulation 34 - Resolution professional costs. - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

Resolution professional costs. 34. The committee shall fix the expenses to be incurred on or by the resolution professional and the expenses shall constitute insolvency resolution process costs. 1 [ Explanation. - For the purposes of this regulation, expenses include the fee to be paid to the resolution professional, fee to be paid to insolvency professional entity, if any, and fee to be paid to professionals, if any, and other expenses to be incurred by the resolution professional.] ******************** Notes:- 1. Substituted vide No. IBBI/2017-18/GN/REG030 - Dated 27-03-2018 , before it was read as, Explanation - For the purposes of this Regulation, expenses mean the fee to be paid to the resolution professional and other expenses, including the cost of engaging professional advisors, to be incurred by the resolution professional.