Regulation-making power under the Insolvency and Bankruptcy Code enables detailed rules for insolvency, liquidation, claims, and compliance procedures. The Insolvency and Bankruptcy Board may, by notification, make regulations consistent with the Code and the rules made thereunder for carrying out its purposes. The power is a broad enabling clause covering detailed matters such as electronic submission and access to information, public announcements, claims, committee of creditors procedure, resolution plans, liquidation, security interest realisation, pre-packaged insolvency, registration and conduct of insolvency professionals and information utilities, inspections, investigations, fees, forms, manners, periods, conditions, documents, disclosures and other ancillary requirements necessary for implementation.
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 the Insolvency and Bankruptcy Code enables detailed rules for insolvency, liquidation, claims, and compliance procedures.
The Insolvency and Bankruptcy Board may, by notification, make regulations consistent with the Code and the rules made thereunder for carrying out its purposes. The power is a broad enabling clause covering detailed matters such as electronic submission and access to information, public announcements, claims, committee of creditors procedure, resolution plans, liquidation, security interest realisation, pre-packaged insolvency, registration and conduct of insolvency professionals and information utilities, inspections, investigations, fees, forms, manners, periods, conditions, documents, disclosures and other ancillary requirements necessary for implementation.
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