The IBBI issues Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022

Voluntary Liquidation Process

On 16th September 2022, through the exercise of powers conferred in
Section 196 Sub-Section (1) Clause (t) to be read with Section 240 of the
Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and
Bankruptcy Board of India issued amendments to the Insolvency and
Bankruptcy Board of India (Voluntary Liquidation Process) Regulations,
2017 via Notification No. IBBI/2022-23/GN/REG095.

The Notification states that the latest amended regulations are to be
referred to as the Insolvency and Bankruptcy Board of India (Voluntary
Liquidation Process) (Second Amendment) Regulations, 2022, which is
deemed to come into effect from the date of publication of the Official
Gazette.

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