
IBC Laws | Keep you up2date 🗞️
February 4, 2025 at 02:58 PM
*CIRP Regulations Amendments*
IBBI has added following new provisions in the CIRP Regulations:
-Handing over the possession
-Appointment of facilitators, Roles and responsibilities of the facilitator and fee payable to facilitator
-RERA to attend such meeting(s) of the committee
-Report on the status of development rights and permissions of real estate projects
-Details of the corporate debtor’s registration status as a MSME
-Relaxation to association or group of allottees in: (a) eligibility criteria for submission of EOI and (b) conditions regarding the refundable deposit/ performance security.
-Setting up a monitoring committee
Read here: https://ibclaw.in/insolvency-and-bankruptcy-board-of-india-insolvency-resolution-process-for-corporate-persons-amendment-regulations-2025/
Read here amended Regulations: https://ibclaw.in/ibbi-cirp-regulations/
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