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IBBI amends Insolvency Resolution Process for Corporate Persons regulations

October 1, 2021
IBBI has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2021 whereby a new regulation 1A and 4A has been inserted to the Insolvency Resolution Process for Corporate Persons norms providing that the committee and members of the committee in the discharge of its functions and exercise powers under the Code and regulations in respect of corporate insolvency resolution process. Allows modification of the resolution plan but not more than once
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