Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020 - IBBI/2020-21/GN/REG058 - Insolvency and Bankruptcy
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Deemed authorisation for assignment where agency fails to act, and right to appeal rejections to Membership Committee. The amendment provides that applications received from commencement of these regulations until 30th September, 2020 shall be deemed issued or renewed if an agency fails to act within thirty days; and where an application is rejected in that period the aggrieved applicant may appeal to the Membership Committee within thirty days of receipt of the rejection order.
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.
Deemed authorisation for assignment where agency fails to act, and right to appeal rejections to Membership Committee.
The amendment provides that applications received from commencement of these regulations until 30th September, 2020 shall be deemed issued or renewed if an agency fails to act within thirty days; and where an application is rejected in that period the aggrieved applicant may appeal to the Membership Committee within thirty days of receipt of the rejection order.
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