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        IBC

        Regulation 15 - Power to regulate procedure in certain circumstances

        Insolvency and Bankruptcy Board of India (Procedure For Governing Boards Meetings) Regulations, 2017
        Chapter VI
        Miscellaneous

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        Power to regulate procedure allows governing board to set case-specific procedures when regulations are silent, with written reasons. Where the Regulations are silent, the Governing Board may, for reasons to be recorded in writing, determine the procedure applicable to a particular case, providing a case by case residual mechanism to prescribe procedure in situations not otherwise provided for in the Regulations.
                          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.

                                Power to regulate procedure allows governing board to set case-specific procedures when regulations are silent, with written reasons.

                                Where the Regulations are silent, the Governing Board may, for reasons to be recorded in writing, determine the procedure applicable to a particular case, providing a case by case residual mechanism to prescribe procedure in situations not otherwise provided for in the Regulations.


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