Partial modification to the circular no. IBBI/LIQ/61/2023 dated 28th September 2023 titled ‘Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016’.

Partial modification to the circular no. IBBI/LIQ/61/2023 dated 28th September 2023 titled ‘Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016’. https://www.taxtmi.com/circulars?id=67314 Paragraphs 2.1 and 2.5 of the IBBI circular dated 28 September 2023 are withdrawn after being struck down by court order; the remaining parts of the circular remain valid. Insolvency professionals who have not complied with the original circular are given an opportunity to comply with the remaining operative provisions and must inform IBBI of their compliance status electronically on the IBBI website by the prescribed deadline. The circular is issued under the authority of section 196 of the Insolvency and Bankruptcy Code. en-us Thu, 18 Apr 2024 00:00:00 +0530 Fri, 19 Apr 2024 10:23:00 +0530 TaxTMI RSS Generator Partial modification to the circular no. IBBI/LIQ/61/2023 dated 28th September 2023 titled ‘Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016’. https://www.taxtmi.com/circulars?id=67314 Paragraphs 2.1 and 2.5 of the IBBI circular dated 28 September 2023 are withdrawn after being struck down by court order; the remaining parts of the circular remain valid. Insolvency professionals who have not complied with the original circular are given an opportunity to comply with the remaining operative provisions and must inform IBBI of their compliance status electronically on the IBBI website by the prescribed deadline. The circular is issued under the authority of section 196 of the Insolvency and Bankruptcy Code. Circulars IBC Thu, 18 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67314