The Insolvency and Bankruptcy Board of India (“Board”), vide Notification No. IBBI/2025-26/GN/REG132 dated 20 November 2025 and published in the Gazette of India on 21 November 2025, has promulgated the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025 (“Amendment Regulations”). The instrument is the second set of amendments made to the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (“Principal Regulations”) in the current calendar year and takes effect ex nunc.
The Amendment Regulations are issued under the composite powers conferred by Sections 196, 207 and 208 read with Section 240 of the Insolvency and Bankruptcy Code, 2016…