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of <h1>Regulation 14 outlines restitution process: claimants submit Form A within 30 days for proportional disgorgement distribution.</h1> Regulation 14 of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, details the process of restitution. When a person is directed to disgorge an amount under section 220(4), the Board aims to realize this amount quickly. After realization, the Board publicly invites claims from those who suffered losses due to the contravention. Claimants must submit claims in Form A within 30 days. The Board reviews and lists valid claims within 30 days of the submission deadline and disburses the disgorged amount proportionately among valid claimants within 30 days of listing.
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