TMI BlogInsolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... LVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG020. -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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the resolution applicant and other connected persons to enable the committee to assess the credibility of such applicant and other connected persons to take a prudent decision while considering the resolution plan for its approval. Explanation : For the purposes of this sub-regulation,- (i) details shall include the following in respect of the resolution applicant and other connec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licant; (b) persons who will be promoters or in management or control of the business of the corporate debtor during the implementation of the resolution plan ; (c) holding company, subsidiary company, associate company and related party of the persons referred to in items (a) and (b ) . . 3. In the principal regulations, in regulation 38 , for sub-regulation (2), the following sub-regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Regulations, 2017 were published in the Gazette of India, Extraordinary, vide notification No. IBBI/2017-18/GN/REG012 dated the 14th June, 2017 and was subsequently amended by- (1) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017 vide notification No. IBBI/2017- 18/GN/REG014 , dated the 16th August, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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