PGB Regulation 4 of IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 – Fees of bankruptcy trustee

The Insolvency and Bankruptcy Code, 2016 IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter […]

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The Insolvency and Bankruptcy Code, 2016

IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

Chapter II – Bankruptcy Trustee

Regulation 4: Fees of bankruptcy trustee.

4. (1) The bankruptcy trustee shall be entitled to such fee and the fee shall be paid in such manner as decided by the committee.

(2) In all cases other than those covered under sub-regulation (1), the bankruptcy trustee shall be entitled to a fee as a percentage of the amount realised from the estate of the bankrupt and of the amount distributed from such realisation, in accordance with Schedule I.



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