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

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..... tion Process) (Third Amendment) Regulations, 2020 No. IBBI/2020-21/GN/REG062 .- 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 Ind .....

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..... him. Where a liquidator distributes any amount, which is not realised by him, he shall be entitled to a fee corresponding to the amount distributed by him. . 3. In the principal regulations , in regulation 37 , in sub-regulation (6), the word of shall be omitted. 4. In the principal regulations , in regulation 47 , in the Table, - (a) in serial number 4, in column 2, for Section 3 .....

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