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Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022. - IBBI/2022-23/GN/REG086 - Insolvency and Bankruptcy

Extract

..... Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017, namely:- 1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 (hereinafter referred to as ‘the principal .....

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Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022. - IBBI/2022-23/GN/REG086 - Insolvency and Bankruptcy

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..... forty-five” the word “thirty” shall be substituted. 4. In the principal regulations, after regulation 6, the following regulation shall be inserted, namely:- “6A. Disposal of grievance by Insolvency Professional Agency. (1) Notwithstanding anything contained in regulation 6, the Board may forward a grievance against an insolvency professional for disposal by the insolvency professional agency of which he is a professional member. (2) On receipt of the grievance under sub- .....

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Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022. - IBBI/2022-23/GN/REG086 - Insolvency and Bankruptcy

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..... regulation shall be substituted, namely:- “(7) Where the Board is of the opinion that there exists a prima facie case, it may issue a show cause notice under regulation 11 of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 or order an investigation under Chapter III of Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017.” RAVI MITAL, Chairperson [ADVT.-III/4/Exty./123/2022-23] Note: The Insolvency and .....

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Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022. - IBBI/2022-23/GN/REG086 - Insolvency and Bankruptcy

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