IBBI Update – Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations)

The Amendment Regulations provide for the appointment of an interim representative who will act as a representative for a class of creditors during the period when the application for appointment of the authorised representative is under consideration of the Adjudicating Authority for approval. This interim representative will have the same rights and duties as an authorised representative in meetings of the committee of creditors.

Link – https://ibbi.gov.in//uploads/press/88918524baa1ff55210bb78dfe1399a3.pdf