An Insolvency Professional shall not accept/share any fees or charges from any Professional and/or support service provider who are appointed under the CIRP – IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022 – Notification No. IBBI/2022-23/GN/REG092 dated 13.09.2022
IBBI vide Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2022 w.e.f. 13.09.2022 inserts a new IP Regulation on sharing on fee with other professional that an insolvency professional shall not accept /share any fees or charges from any professional and/or support service provider who are appointed under the processes.