IB Code definition

IB Code means Insolvency and Bankruptcy Code, 2016 and the related rules and regulations issued there under, as amended from time to time;
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IB Code means the Insolvency & Bankruptcy Code, 2016 as amended from time to time and rules/ regulations, etc. issued thereunder.
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IB Code means Insolvency and Bankruptcy Code, 2016 as amended from time to time. “INR” shall mean the Indian Rupee.
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Examples of IB Code in a sentence

  • The Parliament has expressly stated that the provisions of the I&B Code, 2016 (which is a later enactment to the MRU Act) shall have effect notwithstanding the provisions of any other law for the time being in force.

  • From the legislative history and the background in which the I&B Code has been enacted, it is noticed that a completely new approach has been adopted for speeding up the recovery of the debt due from the defaulting companies.

  • None of the specified functions of the Board, directly or indirectly, pertain to regulating the manner in which the financial creditors ought to or ought not to exercise their commercial wisdom during the voting on the resolution plan under Section 30(4) of the I&B Code.

  • The CoC is constituted as per Section 21 of the I&B Code, which consists of financial creditors.

  • Be it noted that the process of insolvency resolution and liquidation concerning corporate debtors has been codified in Part II of the I&B Code, comprising of seven Chapters.

  • If the CoC had approved the resolution plan by requisite percent of voting share, then as per Section 30(6) of the I&B Code, it is imperative for the resolution professional to submit the same to the adjudicating authority (NCLT).

  • The powers and functions of the Board have been delineated in Section 196 of the I&B Code.

  • Besides, the commercial wisdom of CoC has been given paramount status without any judicial intervention, for ensuring completion of the stated processes within the timelines prescribed by the I&B Code.

  • The Board referred to is established under Section 188 of the I&B Code.

  • We confirm that we have studied the provisions of the IB Code, the CIRP Regulations and other relevant laws and regulations to enable us to submit our Resolution Plan along with required documents and execute the other required documents in the event of our selection as the Successful Resolution Applicant.


More Definitions of IB Code

IB Code or “IBC” or “Code” means Insolvency and Bankruptcy Code, 2016 and other rules and regulations framed thereunder, as amended from time to time.
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IB Code means the Insolvency & Bankruptcy Code, 2016 as amended from time to time and rules/ regulations, etc. issued thereunder. INSPECTION: For inspection of documents, please contact the Liquidator at roofit@jitenderjain.com PAYMENT TERMS: Refundable Caution Money Deposit (CMD) must be paid into bank account of “Roofit Industries Limited (in Liquidation)” and submitted to the Auctioneer along with fully filled, signed and sealed Annexure - “A”, “B” , “Authority Letter” and “Affidavit” attached herewith. All the payments are to be made to “Roofit Industries Limited (in Liquidation)” by RTGS / NEFT / Cheque as per following details: Beneficiary Name Roofit Industries Limited (In Liquidation) Beneficiary Bank Name Kotak Mahindra Bank Limited Account No. 5012744812 IFSC KKBK0000669 Bank Branch Name CBD Belapur
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IB Code or “IBC” means the Insolvency and Bankruptcy Code, 2016, the CIRP Regulations and other rules, regulations, circulars, notifications, other delegated legislations framed or issued thereunder, each as amended from time to time.
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Related to IB Code

  • IBC Code means Insolvency and Bankruptcy Code, 2016 as amended from time to time;

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • STCW Code means the Seafarers’ Training, Certification and Watchkeeping Code as adopted by resolution 2 of the 1995 Conference of Parties to the STCW Convention, in its up-to-date version;

  • Grid Code / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central Commission under clause (h) of sub-section (1) of Section 79 of the Electricity Act and/or the State Grid Code as specified by the concerned State Commission referred under clause (h) of sub-section (1) of Section 86 of the Electricity Act, as applicable;

  • SIC code as used in this chapter means the Standard Industrial Classification Code contained in the latest edition of the Standard Industrial Classification Manual published by the Federal Office of Management and Budget;

  • QR Code means a matrix barcode that links to information about a battery model;

  • IMDG Code means the International Maritime Dangerous Goods Code, for the implementation of Chapter VII, Part A, of the International Convention for the Safety of Life at Sea, 1974 (SOLAS Convention), published by the International Maritime Organization (IMO), London;

  • Erasmus Code A unique identifier that every higher education institution that has been awarded with the Erasmus Charter for Higher Education receives. It is only applicable to higher education institutions located in Programme Countries. 5 Country code: ISO 3166-2 country codes available at: xxxxx://xxx.xxx.xxx/obp/ui/#search. 6 Any Programme Country enterprise or, more generally, any public or private organisation active in the labour market or in the fields of education, training and youth (training of staff members from Programme Country HEIs in Partner Country non-academic partners is not eligible).

  • Network Code means the document now known as the Network Code and formerly known as the Railtrack Track Access Conditions 1995;

  • Waste code means the six digit code referable to a type of waste in accordance with the List of Wastes (England)Regulations 2005, or List of Wastes (Wales) Regulations 2005, as appropriate, and in relation to hazardous waste, includes the asterisk.

  • the 1992 Act means the Local Government Finance Act 1992;

  • ECT Act means the Electronic Communications and Transaction Act No 25 of 2002, as amended;

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;

  • Polar Code means the International Code for ships operating in polar waters, consisting of an introduction, part I-A and part II-A and parts I-B and II-B, as adopted by resolutions MSC.385(94) and MEPC.264(68), as may be amended, provided that:.1 amendments to the environment-related provisions of the introduction and chapter 4 of part II-A of the Polar Code are adopted, brought into force and take effect in accordance with the provisions of article 16 of the present Convention concerning the amendment procedures applicable to an appendix to an annex; and.2 amendments to part II-B of the Polar Code are adopted by the Marine Environment Protection Committee in accordance with its Rules of Procedure.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Access Code means the Railways (Access) Code 2000;

  • POPI Act means the Protection of Personal Information Act, No.4 of 2013;

  • IT Act means Income Tax Act, 1961 and rules and regulations made there under and shall include any statutory modification, amendment or re-enactment thereof for the time being in force;

  • the 1996 Act means the Education Act 1996;

  • State Grid Code means the Grid Code specified by the CERC under Clause (h) of Sub-section (1) of Section 79 of the Electricity Act, as amended from time to time, and/or the State Grid Code as specified by the concerned State Commission, referred under Clause (h) of Sub- section (1) of Section 86 of the Electricity Xxx 0000, as applicable;

  • Sort code means the 6-digit code that identifies a particular bank and bank branch in the Republic of Ireland;

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • FW Act means the Fair Work Act 2009 (Cth).

  • the 1988 Act means the Local Government Finance Act 1988.

  • FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.