IBBI invites public comments on the Regulations notified under the Insolvency and Bankruptcy Code, 2016

Apr 22, 2019 | by Avantis RegTech Legal Research Team

Insolvency and Bankruptcy Board of India (IBBI) on April 20, 2019, invites comments from public, including the stakeholders on Regulations notified under Insolvency and Bankruptcy Code, 2016.

The Regulations notified are:

•IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016;

•IBBI (Insolvency Professional Agencies) Regulations, 2016; 

•IBBI (Insolvency Professionals) Regulations, 2016; 

•IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016; 

•IBBI (Liquidation Process) Regulations, 2016;

•IBBI (Information Utilities) Regulations, 2017; 

•IBBI (Fast Track Corporate Insolvency Resolution Process) Regulations, 2017; 

•IBBI (Inspections and Investigations) Regulations, 2017; 

•IBBI (Voluntary Liquidation Process) Regulations, 2017; or 

•IBBI (Mechanism for Issuing Regulations) Regulations, 2018

The comments received between April 20, 2019 and December 31, 2019 shall be processed together and following the due process, regulations will be modified to the extent considered necessary. It will be the endeavour of the IBBI to notify modified regulations by March 31, 2020 and bring them into force on April 01, 2020. IBBI has also mentioned the process to be followed for providing public comments.

[Press Release: IBBI/PR/2019/10]

Click here to download the Press Release.



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