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of <h1>Key Terms Defined for Insolvency and Bankruptcy Advisory Committee Under Section 197 of the Code, 2016</h1> The Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017, define key terms for the regulations' application. An 'Advisory Committee' is constituted by the Board under section 197 of the Insolvency and Bankruptcy Code, 2016. The 'Board' refers to the Insolvency and Bankruptcy Board of India established under section 188(1) of the Code. The 'Chairperson' is the head of the Advisory Committee, while 'Member' includes both the Chairperson and other committee members. The 'Secretary' is an officer designated by the Board. Terms not defined within these regulations but present in the Code adopt their meanings from the Code.
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