Allowance increase for IBBI Chairperson and Members updates the prescribed figure under service rules upon amendment. The Central Government, exercising powers under section 239(2)(zd) read with section 189(5) of the Insolvency and Bankruptcy Code, 2016, amends the 2016 service rules by substituting the words 'six thousand' for 'one thousand' in sub rule (1) of rule 20, thereby revising the prescribed figure applicable to salary, allowances and related terms for the Chairperson and Members; the Second Amendment Rules, 2018 take effect on publication in the Official Gazette.