This judgment addresses the Liquidator's fee entitlement and the extension of the liquidation period for IND TOB International Pvt Ltd. The Liquidator filed progress reports and claimed a monthly fee of Rs. 2 Lakhs, fixed by the Stakeholders Consultation Committee (SCC). However, the Adjudicating Authority had previously determined the fee in its liquidation order dated 27.03.2023, in accordance with Section 34(8) of the IBC and Regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016. Since no assets of the Corporate Debtor had been sold or realised, and no amount distributed, the Liquidator's fee, as per statutory provisions, was NIL. The Authority found that the Liquidator failed to disclose its prior fee determination and provided incorrect

This judgment addresses the Liquidator's fee entitlement and the extension of the liquidation period for IND TOB International Pvt Ltd. The Liquidator filed progress reports and claimed a monthly fee of Rs. 2 Lakhs, fixed by the Stakeholders Consultation Committee (SCC). However, the Adjudicating Authority had previously determined the fee in its liquidation order dated 27.03.2023, in accordance with Section 34(8) of the IBC and Regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016. Since no assets of the Corporate Debtor had been sold or realised, and no amount distributed, the Liquidator's fee, as per statutory provisions, was NIL. The Authority found that the Liquidator failed to disclose its prior fee determination and provided incorrect