Remuneration and costs

  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will provide services for remuneration which is charged in a transparent manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable regulations.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will not accept any fees or charges other than those which are disclosed to and approved by the persons fixing their remuneration.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will disclose all costs towards the insolvency resolution process costs, liquidation costs, or costs of the bankruptcy process, as applicable, to all relevant stakeholders, and must endeavor to ensure that such costs are not unreasonable.
 
     
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