Regulations 31. Insolvency resolution process costs.—

“Insolvency resolution process costs” under Section 5(13)(e) shall mean-

• (a) amounts due to suppliers of essential goods and services under Regulation 4a;
• ⁵⁰[(aa) fee payable to authorised representative under ⁵¹[sub-regulation (8)] of regulation 16A;
• (ab) out of pocket expenses of authorised representative for discharge of his functions under ⁵²[section 25A];]
• (b) amounts due to a person whose rights are prejudicially affected on account of the moratorium imposed under section 14(1)(d);
• (c) expenses incurred on or by the interim resolution professional to the extent ratified under Regulation 33;
• (d) expenses incurred on or by the resolution professional fixed under Regulation 34; and
• (e) other costs directly relating to the corporate insolvency resolution process and approved by the committee.

⁵⁰ Inserted by Notification No. IBBI/2018-19/GN/REG031, dated 3rd July, 2018 (w.e.f. 04-07-2018).

⁵¹Substituted by Notification No. IBBI/2019-20/GN/REG048, dated 25th July, 2019 (w.e.f. 25-07-2019). Prior to substitution it stood as: “sub-regulation (7)”.

⁵² Substituted by Notification No. IBBI/2019-20/GN/REG048, dated 25th July, 2019 (w.e.f. 25-07-2019). Prior to substitution, it stood as: “section 25”.