The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Compliant Handling Procedure) Regulations, 2017, enabling a stakeholder, having an interest in an insolvency resolution, liquidation, voluntary liquidation, or bankruptcy transaction under the Insolvency and Bankruptcy Code, 2013 (IBC), to file a grievance or complaint against a service provider.

Procedure for filing such grievance, including the form in which such compliant is to be made, along with the disposal mechanism of such grievance and complaint has been provided in the Regulations.

January 17th, 2018