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of <h1>Regulation 32B sets rules for liquidation consultation meetings, aligning with regulations 18-26 for insolvency resolution processes.</h1> Regulation 32B of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, outlines the conduct of meetings for the consultation committee involved in liquidation proceedings. It specifies that, unless stated otherwise in Chapter III of Part II of the Code and these Regulations, the rules governing meetings from regulations 18 to 26 of Chapter VI and Chapter VII of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, apply to these meetings. This regulation was introduced via a notification in September 2022.
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