Introduction
The Insolvency and Bankruptcy Board of India’s latest modification to the Corporate Insolvency Resolution Process (CIRP) framework marks a significant regulatory pivot toward transparency, accountability, and legal certainty. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Seventh Amendment) Regulations, 2025, sharpen the focus on beneficial ownership disclosures and calibrate the interface between eligibility for statutory immunities and the approval of resolution plans. In doing so, this IBBI amendment aims to address persistent challenges arising from layered ownership structures, offshore entities, and the need for informed creditor decision-making during CIRP.