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The amendment enables early dissolution in unviable cases and allows restoration of CIRP before liquidation, aiming to improve transparency, efficiency, and value maximization in insolvency proceedings.
The Amendment introduces a structured framework for coordinating asset transfers when a personal guarantor is under bankruptcy.
This amendment introduces key changes to Regulation 27 on the appointment of professionals under the CIRP framework with an exception for MSMEs.
The IBBI (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026 introduce key changes to the appointment of registered valuers and valuation methods.
The IBBI (Amendment) Regulations, 2026 introduce key changes to the governance of insolvency professional agencies, including the addition of a nominee director, stricter eligibility criteria and tenure limits for independent directors, and a revised process for appointing or renewing the Managing Director.