The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG128 dated 4th July 2025 announcing the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025. This amendment introduces stricter transparency norms in the corporate insolvency resolution process (CIRP).
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Under the new amendment, resolution professionals (RPs) are now required to disclose details of all identified avoidance transactions, as well as fraudulent or wrongful trading transactions, in the information memorandum and to all prospective resolution applicants…