New Delhi, Dec 10: The Insolvency and Bankruptcy Board of India (IBBI) on Sunday notified the regulations to deal with complaints and grievances filed against service providers including insolvency professiols, agencies and information utilities.
The regulations are effective from December 7, a Fince Ministry release said here, adding they “provide for an objective and transparent procedure for disposal of grievances and complaints by the IBBI, that does not spare a mischievous service provider, but does not harass an innocent service provider”.
“Stakeholders who can file a complaint include debtors, creditors, claimants, service providers, resolution applicants or any other person having an interest in an insolvency resolution, liquidation, voluntary liquidation or bankruptcy transaction under the Insolvency and Bankruptcy Code (IBC), 2016,” it said. (IANS)