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Insolvency and BankruptcyAugust 23, 2024Notifications
This notification amends the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017. The key amendment is in regulation 13(2), where the time period for reply to a show-cause notice has been extended from "thirty-five days of the date of issuance" to "sixty days from the due date for receipt of reply". This change provides additional time for responding to show-cause notices issued during inspections and investigations under the Insolvency and Bankruptcy Code, 2016.
This notification amends the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017. The key amendment is in regulation 13(2), where the time period for reply to a show-cause notice has been extended from "thirty-five days of the date of issuance" to "sixty days from the due date for receipt of reply". This change provides additional time for responding to show-cause notices issued during inspections and investigations under the Insolvency and Bankruptcy Code, 2016.
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