REGULATORY UPDATE: MINISTRY OF COPRORATE AFFAIRS-THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (GRIEVANCE AND COMPLAINT HANDLING PROCEDURE) REGULATIONS, 2017.

The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 on 7 December 2017. The Regulation enable the stakeholders i.e., debtor, creditor, claimant, service provider, resolution applicant or any other person having an interest in an insolvency resolution, liquidation, voluntary liquidation or bankruptcy transaction under the Insolvency and Bankruptcy Code, 2016 (Code), to file a grievance or a complaint against a service provider, namely, insolvency professional agency, insolvency professional, insolvency professional entity or information utility.

Source:http://ibbi.gov.in/webadmin/pdf/legalframwork/2017/Dec/180723_2017-12-09%2009:59:43.pdf

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