IBBI extends SCN Disposal from 35 days to 60 days, amends Inspection and Investigation Regulations [Read Notification]

The time limit for SCN disposal under IBBI (Inspection and Investigation) (Amendment) Regulations was amended before which led to reduction of time limit from 180 days to 35 days.
By Navasree A.M - On August 16, 2024 4:45 pm - 2 mins read
Ibbi - scn - show cause notice - scn disposal - Inspection - Investigation - Regulation - inspection regulation - investigation regulation - scn disposal extention - IBBI extends SCN Disposal - taxscan

The Insolvency and Bankruptcy Board of India ( IBBI ) has extended the SCN ( Show Cause Notice ) disposal from 35 days to 60 days issued under IBBI (Inspection and Investigation) Regulations. For this purpose, it has amended Regulation 13. According to the pre-amended regulation, the disciplinary committee has to dispose of the SCN…

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