The Insolvency and Bankruptcy Code, 2016
IBBI (Employees’ Service) Regulations, 2017
Chapter III – Record of Service, Seniority and Promotion
Regulation 13: Promotion.
13. (1) Promotion of an employee shall be made at the discretion of the Board and notwithstanding his seniority in a Grade, no employee shall have a right to be promoted to any particular Position or Grade.
(2) Promotions of Officers to a higher Grade shall be made on consideration of merit-cum-seniority.
(3) Promotions of Assistants to a higher Grade shall be made on consideration of seniority-cum- merit.
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