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In exercise of the powers conferred by clause t of sub section 1 of section 196 and section 240 read with clause e of section 2 of the Insolvency and Bankruptcy Code

Date: 1st February 2024
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Insolvency and Bankruptcy Board of India on 1st February 2024. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01022024-251687 xxxGIDHxxx CG-DL-E-01022024-251687 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 72] नई दिल्ली, बधु वार, िनवरी 31, 2024/माघ 11, 1945 No. 72] NEW DELHI, WEDNESDAY, JANUARY 31, 2024/MAGHA 11, 1945 भारतीय दिवाला और िोधन अक्षमता बोड ड अजधसचू...

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  • ✓ The gazette notification pertains to the Insolvency and Bankruptcy Board of India (IBBI) amending the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.
  • ✓ These amendments are termed the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2024.
  • ✓ The amendments come into force on the date of their publication in the Official Gazette, which is January 31, 2024.
  • ✓ Regulation 3(1) of the principal regulations is amended by inserting 'and' after 'guarantor;' in clause (a), substituting '; and' with '.' in clause (b), and omitting clause (c).
  • ✓ Regulation 5(1) of the principal regulations is amended by omitting clause (c) of the proviso.

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