Consultation committee meeting procedure under liquidation regulations was omitted, after earlier applying resolution process meeting rules mutatis mutandis. Regulation 32B, which earlier governed the conduct of meetings of the consultation committee in liquidation proceedings, has been omitted. Before omission, it provided that, subject to Chapter III of Part II of the Code and the applicable regulations, 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 would apply mutatis mutandis to such meetings.
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Provisions expressly mentioned in the judgment/order text.
Consultation committee meeting procedure under liquidation regulations was omitted, after earlier applying resolution process meeting rules mutatis mutandis.
Regulation 32B, which earlier governed the conduct of meetings of the consultation committee in liquidation proceedings, has been omitted. Before omission, it provided that, subject to Chapter III of Part II of the Code and the applicable regulations, 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 would apply mutatis mutandis to such meetings.
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