Notification/Circular No.- No. IBBI/2025-26/GN/REG125 dated May 19, 2025
Applicable Act/Rule- Insolvency and Bankruptcy Code, 2016
Applicable Section/Rule– Regulation 17B
Regulation 17B is inserted after Regulation 17A, which mandates that if no repayment plan is prepared by the debtor under Section 105 of IBC, the resolution professional must, with creditor approval, file an application before the Adjudicating Authority (AA) informing the non-submission. The RP must also seek suitable directions from the AA for further proceedings.
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