IBBI Amends CIRP Regulations: Enhancing Transparency in Insolvency Proceedings
Introduction The IBBI has recently enacted significant amendments to the IBBI1 (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) via Press Release No.IBBI/2025-26/GN/REG128 These changes, effective July 4, 2025, primarily aim to improve the disclosure and treatment of avoidance transactions, as well as fraudulent or wrongful trading, throughout the CIRP2. The amendments, introduced as the IBBI (Insolvency Resolution […]
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