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Review of circulars - Insolvency and Bankruptcy - IBBI/CIRP/3/2022

Extract

..... Issuing Regulations) Regulations, 2018. The Board also issues Circulars in exercise of powers under section 196 of the Insolvency and Bankruptcy Code, 2016. In line with the same, the Board conducted an exercise of review of circulars issued by the Board. It was observed that certain circulars are no longer required on account of being already provided in IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 or IBBI (Insolvency Professionals) Regulations, 2016 as the case .....

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Review of circulars - Insolvency and Bankruptcy

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..... AR and he shall proceed further in the manner as specified in regulation 16A of the Regulations. Regulation 16A & 16B of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 3 10 Aug, 2018 Notice for Meetings of the Committee of Creditors Only competent and authorized person shall attend the CoC meeting so that the decision can be taken on the spot and without deferring decisions for want of any internal approval from the financ .....

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Review of circulars - Insolvency and Bankruptcy

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..... ating to Corporate Insolvency Resolution Process An IP shall preserve an electronic copy of all records for a minimum period of eight years, and a physical copy of physical records for minimum period of three years. Regulation 18 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 7 16 Apr, 2021 Clarification - Consideration of matters/issues by the committee of creditors on request by members of the committee RP to convene a Co .....

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Review of circulars - Insolvency and Bankruptcy

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