Introduction
The Insolvency and Bankruptcy Code, 2016 (“Code”) provides a time-bound and creditor-driven framework for resolution of distressed corporate debtors. Pursuant to the amendments made to the Code by the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (“2026 IBC Amendment”), the Insolvency and Bankruptcy Board of India (“IBBI”) has now notified amendments to various regulations promulgated under the Code, including the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”) and the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”).
The IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2026, the IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026, and the IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2026, through which the aforementioned amendments have been made, are hereinafter collectively referred to as
