[i] Performance-linked fee structure for timely resolution Proposal 24. It is proposed that the variable fee structure as given in table 5 below, be considered as reasonable for IP who has completed CIRP on time. Table 5: Performance Linked fee structure for timely completion of CIRP ^^Covering the period from Commencement of CIRP and appointment of IRP [u/s 16(1) of the Code] till submission of CoC approved Resolution Plan to AA [under regulation 39(4) of CIRP Regulations] *Subject to maximum amount not exceeding to Rs.5 crore, and actual payment to be made only upon approval of resolution plan by AA [u/s 31(1) of the Code]. Illustration- Upon resolution of CD having actual realisable value amounting to Rs.1,000 crore within a period of 180 days, IP acting as RP shall receive Rs.5 crores (calculated at 1% of Rs.1,000 crore, subject to cap of Rs. 5 crore) as variable fee. This variable fee amount will be included as IRPC.