New Delhi, Jun 2 (PTI) The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedus, prote corent creditor interesting, and ENCOREGE GRECOREGE GREATERGE GREATEREG Resolution processes.
The Insolvency and Bankruptcy Board of India (IBBI) Notified The Insolvency Resolution Process for Corporate Persons Fourth Amendments Regulation, 2025 on May 26, According to A Release.
Among the significant change introduced is a provision for allowing Resolution Professionals with the Committee of Creditor’s (COC) Approval, to Invite Experceptions of Interest Not on the Inter -Corporation debtor but also for individual assets or a combination of both.
By enabling concurrent invitations, the resolution process can Reduce Timelines, Prevent Value Erosion in viable segments, and Encourage broader investor participation, Ibbi Said.
The Regulations also revise the framework for payments under resolution plans executed in stages. In such cases, financial creditors who did not support the resolution planning
The board said this approach balances the legitimate rights of disencitrating creditors with the practical constraints of Phaseed implementation.
In another notable amendment, the coc has been empened to direct resolution professionals to invite the interim finance providers to Attending its meetings as observers with Voting Rights.
As per ibbi, this measure is aimed to provide interim finance provides with a better understanding of the corporate debtor’s operational status, thereby enabling them to make well-ends requirements.
The amened norms also mandate the resolution professionals to present all received plans, Including Non-Compliant Ones to the Coc Along With Relevant Details, Itsed.
This provision ensures that the coc has access to comprehensive information for decision-making, which may lead to more informed choice and ultimately contribute to a more transparent and effective request process, IBBI Added.