IBBI Notifies Amendments to Insolvency Resolution Process for Corporate Persons:

IBBI Notifies Amendments to Insolvency and Bankruptcy Board of India The Insolvency and Bankruptcy Board of India (IBBI) has notified the Sixth Amendment to the Insolvency Resolution Process for Corporate Persons Regulations, 2016. In the notification (F. No. IBBI/2025-26/GN/REG130 dated October 14, 2025), the IBBI, using its powers under section 196(t)(1) of the Insolvency and Bankruptcy Code, 2016, has made amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

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These regulations will now be known as the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025 and are applicable on the date of their publication in their Official Gazette. The key change is the removal of Regulation 39C. In Regulation 39D, clause (b) has been omitted and in clause (a), after the word and number, "Companies Act, 2013", the word "and" will be added. Additionally, in Form H, point 15(b) has been removed.