On 19 May 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2026 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The provisions came into force on 20 May 2026.
All you need to know about the revised Regulation 27 relating to “Appointment of Professionals” of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016:
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The resolution professional will have to appoint valuers within 7 days of their appointment, but not later than 47 days from the insolvency…