Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017

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....CK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG23.-In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to amend the Insolvency and Ban....

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....abstained from voting for the resolution plan, approved by the committee;" 3. In the principal regulations, in regulation 34, - (a) for sub-regulation (3), the following sub-regulation shall be substituted, namely: - "(3) After the receipt of resolution plans in accordance with the Code and these regulations, the resolution professional shall provide the liquidation value to every member of th....

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....e following sub-regulation shall be substituted, namely: - "(1) A resolution applicant shall submit resolution plan(s) prepared in accordance with the Code and these regulations to the resolution professional within the time given in the invitation made under clause (h) of sub-section (2) of section 25.". Dr. M. S. SAHOO, Chairperson, Insolvency and Bankruptcy Board of India [ADVT.-III/4/Exty./....