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IBBI issues clarification on applicability of IBBI (Liquidation Process) (Amendment) Regulations, 2019

August 27, 2019
The Stakeholders have expressed a difficulty in applying the Amendment Regulation to liquidation process, which commenced before 25th July, 2019. It is reiterated that the provisions of the Amendment Regulations are not applicable to the liquidation processes, which has commenced before coming into force of the IBBI (Liquidation Process) (Amendment) Regulations and they are applicable only to liquidation process, which commenced on or after 25th July, 2019 subject to the clarification made
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