Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2020

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..... ation Process) (Second Amendment) Regulations, 2020 No. IBBI/2020-21/GN/REG060 .- In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of In .....

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..... S. Sahoo) Chairperson [ADVT.-III/4/Exty./13/2020-21] Note: The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG005 dated 15th December, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, vide No. 460 on 15th December, 2016 and were last amended by the Insolvency and Bankruptcy .....

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..... il, 2020, with a note that the same shall be published in the Gazette of India as soon as the Government Press accepts the notification for publication. The intention of the Governing Board was to bring into force the amended regulations with effect from the 17th April, 2020. It is certified that, since the amended regulations provide clarity to the stakeholders in regard to the model time-line .....

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