Definitions of officeholders clarify that terms like Code, Board, Chairperson and member derive meaning from the Code. The rules define key terms: Code as the Insolvency and Bankruptcy Code, 2016; Board as the Insolvency and Bankruptcy Board of India constituted under the ... Summary
Definitions of officeholders clarify that terms like Code, Board, Chairperson and member derive meaning from the Code.
The rules define key terms: Code as the Insolvency and Bankruptcy Code, 2016; Board as the Insolvency and Bankruptcy Board of India constituted under the Code; Chairperson and whole-time member as the offices appointed under specified clauses of the Code; and provide that terms not defined in the rules shall bear the meanings assigned to them in the Code.
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