The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper aiming to strengthen the regulatory framework on the corporate insolvency resolution process (CIRP), liquidation, and insolvency and bankruptcy from personal guarantors to corporate debtors.
The move intends to plug gaps, reduce procedural uncertainty and align the regulations with the Insolvency and Bankruptcy Code (Amendment) Act, 2026.
The proposed changes involved regulations onregistered valuers (RVs), removal of interim moratorium protection, resolution professional’s (RP) obligations during withdrawal application pendency and administrative burden on liquidators for modifications in list of stakeholders.
It proposes that the…