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ARTICLE · 15 JANUARY 2018

IBBI Notifies The IBBI (Fast Track Resolution Process For Corporate Persons)(Fourth Amendment) Regulations, 2017

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The IBBI, through Notification No. IBBI/2017- 18/GN/REG23, on December 31, 2017, has notified the "Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons)...

IndiaInsolvency/Bankruptcy/Re-Structuring
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Introduction –

The Insolvency and Bankruptcy Board of India (IBBI), through Notification No. IBBI/2017- 18/GN/REG23, on December 31, 2017, has notified the "Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017".1 This notification was made in exercise of its powers conferred by Clause (t) of Sub-Section (1) of Section 196 read with Section 240 of the Insolvency and Bankruptcy Code, 2016 (herein after referred to as the Code).

Amendments in the regulation –

  1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017.

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