The Insolvency and Bankruptcy Board of India (IBBI) on January 29, 2025, issued the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2025, to further amend the e Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
The following has been stated namely: -
• Regulation 33 which states “Liquidator to realize uncalled capital or unpaid capital contribution” shall be omitted
• Regulation 39 which states “Unclaimed proceeds of liquidation or undistributed assets” sub-regulation
• Regulation 41A which states “Filing of Forms”
This shall come into force on January 29, 2025.
[Notification No. IBBI/2024-25/GN/REG120]
