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IBBI amends CIRP norms; prescribes manner of voting by authorised representatives of financial creditors

November 29, 2019
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IBBI has made amendment to the IBBI (Insolvency Resolution process for Corporate Persons) Regulations, 2016. A new Regulation- 25A has been inserted in the regulations allowing authorised representative to cast his vote in respect of each financial creditor or on behalf of financial creditors he represents. A new regulation 40B – filing of forms has also been inserted providing list of forms to be filed by Insolvency Professionals.
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