valid as on 20/05/2019

2.15.2. Definitions.

(1) In these regulations, unless the context otherwise requires,-

(a) “Advisory Committee” means an advisory committee constituted by the Board under section 197 of the Code;

(b) “Code” means the Insolvency and Bankruptcy Code, 2016 (31 of 2016); and

(c) “Governing Board” means the Board of Members constituted under sub-section (1) of section 189 of the Code.

(2) Words and expressions used and not defined in these regulations but defined in the Code shall have the meanings respectively assigned to them in the Code.


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