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ARTICLE · 24 NOVEMBER 2025

IBBI Notifies Insolvency Resolution Process For Corporate Persons (Sixth Amendment) Regulations, 2025

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The Insolvency and Bankruptcy Board of India ("IBBI") vide notification dated 14.10.2025 has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025.

IndiaInsolvency/Bankruptcy/Re-Structuring
Sagus Legal LLP
Sagus Legal LLP

The Insolvency and Bankruptcy Board of India ("IBBI") vide notification dated 14.10.2025 has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 20251 , amending Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ("CIRP Regulations") introducing significant changes to the Corporate Insolvency Resolution Process ("CIRP") framework.

These amendments are as follows:

  1. Deletion of Regulation 39C which dealt with assessment of sale as a going concern that allowed the Committee of Creditors ("CoC"), while approving a resolution plan or deciding to liquidate under sections 30 or 33 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), to recommend the liquidator to explore the sale of the corporate debtor or its business as a going concern. The CoC was required to identify and group assets and liabilities to be sold as a going concern, and the

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