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of <h1>Regulation 60 outlines process for handling vigilance cases, involving external agencies and disciplinary actions for corrupt practices.</h1> Regulation 60 of the Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017 outlines procedures for handling vigilance cases involving allegations of corrupt practices by employees. It allows for investigations by external agencies like the Central Bureau of Investigation or Central Vigilance Commission. If a prima facie case is established, the Competent Authority may seek advice on disciplinary proceedings. An inquiry may be conducted by a Commissioner for Departmental Inquiries. The Inquiry Officer's report is reviewed by the Central Vigilance Commission, which advises on the charges and penalties. The Competent Authority makes the final decision on penalties.
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