The Insolvency and Bankruptcy Board of India (IBBI), on September 20, 2023, notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 to further the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The following has been amended-
•after regulation 2C, the 2D. Details of debt, default, and limitation in respect of applications under section 7 or section 9 regulation shall be inserted.
•after regulation 3, the 3A. Assistance and cooperation by the personnel of the corporate debtor shall be inserted.
•after regulation 30A, the following regulation shall be inserted.
•In the principal regulations, in Schedule-I, for Form G the FORM G INVITATION FOR EXPRESSION OF INTEREST FOR [NAME OF CORPORATE DEBTOR] OPERATING IN [INDUSTRY TYPE] AT [LOCATION(S)] shall be substituted
[Notification No. IBBI/2023-24/GN/REG106]
