IBBI rescinds 7 circulars issued under the IBC on account of duplicity

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  • Last Updated on 25 May, 2022

IBBI circulars

Circular no. No. IBBI/CIRP/3/2022, Dated: 23.05.2022

IBBI has reviewed the circulars issued by the Board on a time to time basis. IBBI observed that certain circulars are no longer required on account of being already provided in IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, or IBBI (Insolvency Professionals) Regulations, 2016. Therefore, it has been decided to rescind the circulars which are already covered in the regulations to avoid duplicity. Total 7 circulars have been rescinded with an immediate effect.

Such a list of circulars includes confidentiality of Information relating to processes under the Insolvency and Bankruptcy Code, 2016, Notice for Meetings of the Committee of Creditors, Voting in the Committee of Creditors, etc.

Click Here To Read The Full Circular

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