2.11.10B:Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017
(1) If based on material available on record, the Board is satisfied that prima facie, there is a violation of the provisions of the Code or the rules or regulations made thereunder by the
service provider, and an immediate action under sub-section (2) of section 220 is warranted, the Board shall refer the matter to the Disciplinary Committee for an appropriate action.
(2) On consideration of the matter referred under sub-regulation (1), the Disciplinary
Committee may pass an interim order with appropriate directions.
(3) The interim order referred to sub-regulation (2) shall lapse on expiry of ninety days from
the date of the order.”
Substituted vide Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2022. dated 14.06.2022. To view the Notification, Click Here