Regulation 10 of IBBI (Employees’ Service) Regulations, 2017 – Liquidated damages

The Insolvency and Bankruptcy Code, 2016 IBBI (Employees’ Service) Regulations, 2017 Chapter II – Appointment, Probation and Termination of […]

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The Insolvency and Bankruptcy Code, 2016

IBBI (Employees’ Service) Regulations, 2017

Chapter II – Appointment, Probation and Termination of Service

Regulation 10: Liquidated damages.

10. Notwithstanding anything contained in these Regulations, the Board may require an employee to pay liquidated damages, if he fails to serve the required number of years after acquiring a training.

 



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