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IBBI notifies Amendments in IRP Regulations

Published: Oct 06, 2017

By TIOLCORPLAWS News Service

NEW DELHI, OCT 06, 2017: INSOLVENCY and Bankruptcy Board of India (IBBI) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 on October 5, 2017.

According to the amended regulations, a resolution plan shall include a statement as to how it has dealt with the interests of all stakeholders, including financial creditors and operational creditors, of the corporate debtor.

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