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of <h1>New Regulations for Inspecting Insolvency Service Providers Under Sections 196, 217, 218, 219, 220, 240</h1> The Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, established under the Insolvency and Bankruptcy Code, 2016, outline the framework for inspecting and investigating service providers. These regulations, effective from their publication date in the Official Gazette, are empowered by specific sections of the Code, including sections 196, 217, 218, 219, 220, and 240. They serve to regulate the conduct and oversight of service providers involved in insolvency and bankruptcy processes in India.
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