Regulation-making power under insolvency law extends across resolution, liquidation, claims, voting, and compliance procedures. The Insolvency and Bankruptcy Board may, by notification, make regulations consistent with the Code and the rules made under it to carry out the purposes of the Code. The provision authorises regulations on a wide range of matters, including electronic submission and access to financial information, claims and public announcement procedures, duties of resolution professionals and liquidators, committee of creditors processes, resolution plans, liquidation and distribution mechanisms, registration of insolvency professionals and information utilities, inspection and investigation, complaint handling, and other administrative and compliance requirements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulation-making power under insolvency law extends across resolution, liquidation, claims, voting, and compliance procedures.
The Insolvency and Bankruptcy Board may, by notification, make regulations consistent with the Code and the rules made under it to carry out the purposes of the Code. The provision authorises regulations on a wide range of matters, including electronic submission and access to financial information, claims and public announcement procedures, duties of resolution professionals and liquidators, committee of creditors processes, resolution plans, liquidation and distribution mechanisms, registration of insolvency professionals and information utilities, inspection and investigation, complaint handling, and other administrative and compliance requirements.
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