TMI BlogInsolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... nkruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021 No. IBBI/2021-22/GN/REG078 .-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 the following regulation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... powers under the Code and these regulations in respect of corporate insolvency resolution process in compliance with the guidelines as may be issued by the Board. . 3. In the principal regulations, in regulation 36A, after sub-regulation (4), the following sub-regulation shall be inserted, namely:- (4A) Any modification in the invitation for expression of interest may be made in the mann ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all not consider any resolution plan- (a) received after the time as specified by the committee under regulation 36B; or (b) received from a person who does not appear in the final list of prospective resolution applicants; or (c) does not comply with the provisions of sub-section (2) of section 30 and sub-regulation (1). . Dr. M. S. SAHOO, Chairperson [ADVT.-III/4/Exty./290/2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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