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ARTICLE · 29 OCTOBER 2025

HSA | Restructuring & Insolvency Monthly Update | October 2025

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The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Process Regulations) has been amended to omit the provisions relating to sale of the Corporate Debtor as a going concern.

IndiaInsolvency/Bankruptcy/Re-Structuring
Abhirup Dasgupta
Abhirup Dasgupta
Faranaaz G. Karbhari
Faranaaz G. Karbhari
Ishaan Duggal
Ishaan Duggal
Ruchi Goyal
Ruchi Goyal
Vineetha Khandelwal
Vineetha Khandelwal
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STATUTORY UPDATES

Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2025 dated October 14, 2025

  • The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Process Regulations) has been amended to omit the provisions relating to sale of the Corporate Debtor as a going concern.
  • This amendment has been brought in to streamline the liquidation process, reduce delays and cost escalation. By way of this amendment, IBBI aims to align the provisions with the scheme of the IBC i.e. to attempt resolution by way of a Corporate Insolvency Resolution Process (CIRP) and in the event no resolution is achieved, move to liquidation for dissolution of the Corporate Debtor.

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