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ARTICLE · 05 JUNE 2025

Summary Of IBBI (Corporate Persons) Fourth Amendment Regulations, 2025

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This notification by the Insolvency and Bankruptcy Board of India (IBBI), dated 26th May 2025, amends the Insolvency Resolution Process for Corporate Persons Regulations...

IndiaInsolvency/Bankruptcy/Re-Structuring
Corporate Professionals
Corporate Professionals
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Background:

This notification by the Insolvency and Bankruptcy Board of India (IBBI), dated 26th May 2025, amends the Insolvency Resolution Process for Corporate Persons Regulations, 2016. It introduces key changes to improve transparency, fairness, and efficiency in the Corporate Insolvency Resolution Process (CIRP).

Key Amendments:

1. Regulation 18 – Committee of Creditors (CoC) Meetings:

  • New sub-regulation (5) inserted: The CoC may invite providers of interim finance to attend meetings as observers without voting rights.

✓ Purpose: Enables transparency and alignment with interim financiers during CIRP.

2. Regulation 36A – Expression of Interest (EOI):

  • New sub-regulation (1A) inserted: The Resolution Professional (RP) may, with CoC approval, invite EOIs:

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