The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025. The amendment regulations, which came into effect on May 26, aim to streamline the insolvency resolution process and enhance its effectiveness by giving more powers to Committee of Creditors or CoC.
The amendments are designed to improve flexibility, transparency, and efficiency in resolving distressed corporate assets. Below are the key highlights:
1. Part-wise Resolution of Corporate Debtors Enabled
Under the new framework, resolution professionals,…
