Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2024

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dment) Regulations, 2024 No. IBBI/2023-24/GN/REG110.-In exercise of the powers conferred by clauses (aa) and (t) of sub-section (1) of section 196, section 208 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 (Insolvency....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rantor to the corporate debtor, as the case may be, and the approval of the Adjudicating Authority. Explanation.- The insolvency professional shall continue to discharge his duties, functions and responsibilities till the approval of resignation by the Adjudicating Authority." (ii) in clause 23B, the following Explanation shall be inserted, namely: - "Explanation.- For t....