The recent amendments by the Insolvency and Bankruptcy Board of India (IBBI) – the Fourth Amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2025 (CIRP Regulations) and the The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025 (IP Guidelines) – have introduced some major changes to India’s insolvency framework.
The IBBI has inserted Regulation 18(5) and amended Regulations 36A and 38 in CIRP regulations to allow greater flexibility in the IBC regime.
The authors aim to critically evaluate the implications and legislative reasoning behind the new reforms, and opine that while the…