MANU/NMIC/0096/2022
Department/Board : Insolvency and Bankruptcy Board of India
Notification No. : IBBI/2022-2023/GN/REG082
Date of Notification : 28.04.2022
Date of Publication : 28.04.2022
Notification/ Circulars Referred : Notification No. IBBI/2016-17/GN/REG005 dated 15th December, 2016 MANU/NMIC/0315/2016;Notification No. IBBI/2021-22/GN/REG079 dated 30th September, 2021 MANU/NMIC/0272/2021
Subject: Insolvency
Citing Reference:
Notification No. IBBI/2016-17/GN/REG005 dated 15th December, 2016 MANU/NMIC/0315/2016 Referred
Notification No. IBBI/2021-22/GN/REG079 dated 30th September, 2021 MANU/NMIC/0272/2021 Referred
Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2022
No. IBBI/2022-2023/GN/REG082.--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 regulations further to amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, namely: -
1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (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 (Liquidation Process) Regulations, 2016 (hereinafter referred to as 'the principal regulations'), after regulation 2A, the following Explanation shall be inserted, namely: -
"Explanation.- It is hereby clarified that the requirements of this regulation shall apply to the liquidation processes commencing on or after the date of the commencement of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019."