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        IBC

        Regulation 14 - Restitution

        Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017
        Chapter V
        RESTITUTION

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        Restitution process ensures disgorged funds are recovered, claimed by affected persons, verified and proportionately distributed to validated claimants. The Board must realise disgorged funds, invite public claims from persons who suffered loss due to the contravention, require claim submission in the prescribed form within the announced period, scrutinise claims and prepare a list of valid claims within the scrutiny timeframe, and disburse the recovered amount proportionately among validated claimants within the specified disbursement period.
                      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.

                            Restitution process ensures disgorged funds are recovered, claimed by affected persons, verified and proportionately distributed to validated claimants.

                            The Board must realise disgorged funds, invite public claims from persons who suffered loss due to the contravention, require claim submission in the prescribed form within the announced period, scrutinise claims and prepare a list of valid claims within the scrutiny timeframe, and disburse the recovered amount proportionately among validated claimants within the specified disbursement period.


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