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        IBC

        Rule 16 - Encashment of Leave

        Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016

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        Leave encashment: Chairperson and whole time members may encash a portion of earned leave; payment under Civil Services Leave Rules. Payment of leave salary for the Chairperson and whole time members is governed by rule 40 of the Central Civil Services (Leave) Rules, 1972, and a Chairperson and whole time member are entitled to encashment of fifty percent of earned leave standing to their credit at any time.
                        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.

                              Leave encashment: Chairperson and whole time members may encash a portion of earned leave; payment under Civil Services Leave Rules.

                              Payment of leave salary for the Chairperson and whole time members is governed by rule 40 of the Central Civil Services (Leave) Rules, 1972, and a Chairperson and whole time member are entitled to encashment of fifty percent of earned leave standing to their credit at any time.


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