Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2024 - IBBI/2023-24/GN/REG107 - Insolvency and Bankruptcy
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Repayment plan obligation: resolution professional must place plan before creditors and notify them if none received. The amendment inserts Regulation 17A requiring the resolution professional to place the repayment plan under section 105 before a meeting of creditors for consideration, and to notify creditors at that meeting if no repayment plan is received within the period stipulated under section 106.
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.
Repayment plan obligation: resolution professional must place plan before creditors and notify them if none received.
The amendment inserts Regulation 17A requiring the resolution professional to place the repayment plan under section 105 before a meeting of creditors for consideration, and to notify creditors at that meeting if no repayment plan is received within the period stipulated under section 106.
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