Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020

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....s, 2020. IBBI/2020-21/GN/REG067.-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 further to amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, namely:- 1. (1....

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....on under sub-regulation (1), both parties shall provide to the liquidator the terms of such assignment or transfer and the identity of the assignee or transferee. (3) The liquidator shall modify the list of stakeholders in accordance with the provisions of regulation 31.". 3. In the principal regulations, after regulation 37, the following regulation shall be inserted, namely:- "37A. Assignme....

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....lations, in regulation 38, in sub-regulation (1), for the words "cannot be readily or advantageously sold", the words "could not be sold, assigned or transferred" shall be substituted. Dr. M. S. SAHOO , Chairperson [ADVT.-III/4/Exty./348/2020-21] Note: The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG005....