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ARTICLE · 13 JUNE 2025

Fourth Amendment To IBBI CIRP Regulations, 2016: Saving Time, Increasing Transparency And Facilitating Resolution

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The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) in 2016 has been hailed as a transformative step in the Indian financial landscape as it has inculcated severe discipline...

IndiaInsolvency/Bankruptcy/Re-Structuring
Siddharth Srivastava
Siddharth Srivastava
Mohit Kishore
Mohit Kishore
Tushar Kumar
Tushar Kumar
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Background

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) in 2016 has been hailed as a transformative step in the Indian financial landscape as it has inculcated severe discipline in the credit allocation process and persuaded the borrowers to strictly adhere to the payment schedules. The statutory regulator of IBC i.e. the Insolvency and Bankruptcy Board of India (IBBI) has been playing a key role in this regard by introducing timely and empirical amendments to the regulations which have helped in streamlining the process.

On 26 May 2025, the IBBI notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025 (Amendment Regulations) which come in the backdrop of a recent discussion paper titled “Streamlining Processes under the Code: Reforms for Enhanced Efficiency and Outcomes” (Feb 2025 Discussion Paper) published by IBBI in February 2025. The

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