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        IBC

        IBBI amended the Model Bye-Laws and Governing Board of...

        IBBI Extends Timelines for Professional Member Disciplinary Proceedings to 90 Days Under Model Bye-Laws

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                          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.
                                IBBI amended the Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations through notification dated January 28, 2025. The amendment modifies time periods in para VI, clause 12A of the Schedule. The period in proviso to sub-clause (3) is extended from forty-five days to ninety days. Similarly, in sub-clause (5), the timeline is increased from fifteen days to ninety days. These modifications to the 2016 regulations became effective upon official gazette publication. The amendment follows previous changes made through regulations notified on January 31, 2024, exercising powers under sections 196, 204, and 205 read with section 240 of IBC, 2016.
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