Omission of Regulation 26(2): A double-edged sword
This piece takes a look at Regulation 26(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 hereinafter referred to as ‘the Regulations’. Pre-amendment, sub-regulation 2 of Regulation 26 read as follows:- “(2) Once a vote on a resolution is cast by a […]