Bye-law 23, Insolvency and Bankruptcy Board of India (Licensing of The carrying on of business by a company) Bye-laws, 2020 [S8E-B3P]
As at 7 September 2026. In force from 6 April 2020.
Refund of fees.—Where an application is withdrawn before it is taken up for consideration, or is returned as not being in order, the Insolvency and Bankruptcy Board shall refund the fee paid after deducting one thousand rupees towards the cost of processing, shall make the refund within one hundred and twenty days of the withdrawal or return, and shall intimate the refund to the applicant in Form DIR-12.
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