Regulation - 30, Fast track process costs.

Regulation - 30, Fast track process costs.

Insolvency & Bankruptcy

Fast track process costs.

“Fast track process costs” shall mean –


(a) the amount of any interim finance and the costs incurred in raising such finance;


(b) the fees payable to any person acting as a resolution professional;


(c) any costs incurred by the resolution professional in running the business of the corporate debtor as a going concern;


(d) any costs incurred at the expense of the Government to facilitate the process;


(e) amounts due to suppliers of essential goods and services under Regulation 31;


(f) amounts due to a person whose rights are prejudicially affected on account of the moratorium imposed under section 14(1)(d);


(g) expenses incurred on or by the interim resolution professional to the extent ratified under Regulation 32;


(h) expenses incurred on or by the resolution professional fixed under Regulation 33; and


(i) other costs directly relating to the fast track process and approved by the committee.