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Home Acts & Rules Insolvency and Bankruptcy Regulation Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Chapters List Chapter V COMMITTEE OF CREDITORS This
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Regulation 16 - Committee with only operational creditors. - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

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..... CHAPTER V COMMITTEE OF CREDITORS Committee with only operational creditors. 16. (1) Where the corporate debtor has no financial debt or where all financial creditors are related parties of the corporate debtor, the committee shall be set up in accordance with this Regulation. (2) The committee formed under this Regulation shall consist of members as under - (a) eighteen largest operational creditors by value: Provided that if the number of operational creditors is less than eighteen, the committ .....

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Regulation 16 - Committee with only operational creditors. - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

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