 "gavel, IBC, Insolvency, bankruptcy, court, judgement, laws")
Insolvency and Bankruptcy Board of India (IBBI) has rescinded several circulars issued between 2018 and 2021 as they are already provided in their regulations and are no longer needed, the insolvency regulator said in a circular on Wednesday.
In the process, 11 circulars have been rescinded to remove duplication. Contents of these circulars have already been included subsequently in updated regulations issued by the IBBI.
Insolvency regulators said it was reassuring to see that IBBI had suo moto conducted a review of various circulars and regulations issued by it since 2018 and as a result rescinded the circulars no longer required.
“This
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