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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Corporate entities must appoint and notify insolvency professionals as liquidators; amendments alter eligibility and notification timeframe.</h1> Under the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, a corporate entity must appoint an insolvency professional as a liquidator, with the option to replace them if necessary. This appointment, made through a resolution, must specify the liquidator's terms, conditions, and remuneration. The appointed liquidator is required to notify the Board within seven days of their appointment. Amendments have been made to these regulations, including changes to the eligibility criteria for liquidators and the timeframe for notifying the Board.
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