valid as on 18/07/2024

1.6.4. Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019

4. General modifications. –

For the purposes of these rules, in all the provisions relating to insolvency and liquidation proceedings under the Code,-

(i) for the expression “corporate debtor” wherever they occur, shall mean “financial service provider”; and

(ii) for the expressions “insolvency professional”, “interim resolution professional”, “resolution professional” or “liquidator”, wherever they occur, shall mean “administrator”.

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