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of <h1>IBBI Clarifies 2019 Liquidation Amendments: Applicable Only to Processes Starting On or After July 25, 2019.</h1> The Insolvency and Bankruptcy Board of India (IBBI) issued a circular clarifying the applicability of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019. These regulations, effective from 25th July 2019, apply only to liquidation processes initiated on or after this date. Stakeholders raised concerns about applying these amendments to processes started before this date. The circular confirms that the amendments do not apply to liquidation processes that began before 25th July 2019. This directive is issued under the authority of section 196 of the Insolvency and Bankruptcy Code, 2016.
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