Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024

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..... cy Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024. No. IBBI/2024-25/GN/REG116 . 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 to further amend the Insolvency and Ba .....

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..... e proviso, the following proviso shall be substituted, namely: - Provided that the choice of an insolvency professional to act as an authorised representative by a financial creditor in a class in Form CA shall not be considered, if the Form CA is received after the time stipulated in the public announcement. (2) in sub-regulation (2), (i) for the word, figure and mark regulation 12. , the word, f .....

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..... cation of claims received under regulation 12(2) shall be omitted. (ii) in column titled Latest Timeline , the word, figure and mark T+97 shall be omitted. RAVI MITAL, Chairperson [ADVT.-III/4/Exty./521/2024-25] Note : The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 were published vide notification No. IBBI/2016- 17/GN/REG004, da .....

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