On 8 June 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
All you need to know about the amendment:
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A new Regulation 16-E relating to “Assistance to committee where creditors other than scheduled banks or public financial institutions hold significant voting share” has been introduced which says that:
If creditors other than banks or public financial institutions hold more than 66% voting power in the Committee of Creditors, then the Resolution Professional…