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of <h1>Insolvency Resolution Requires Public Announcement Within 3 Days by Interim Professional Under Regulation 6, IBBI Regulations 2016</h1> Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 mandates that an insolvency professional must make a public announcement within three days of their appointment as an interim resolution professional. This announcement, in Form A of Schedule-I, should be published in widely circulated English and regional language newspapers, on the corporate debtor's website, and on a designated Board website. It must include details on obtaining claim forms, offer a choice of three insolvency professionals as creditor representatives, and provide a deadline for claim submissions, which is fourteen days from the interim resolution professional's appointment. The applicant initially bears the announcement costs, which may be reimbursed by the committee.
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