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Corporate Laws Central Ministry of Finance Insolvency and Bankruptcy Code, 2016

IBBI issues IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2026

25-Feb-2026 | IBBI/2025-26/GN/REG135

IBBI has issued an amendment regulation modifying the provisions of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Pursuant to the said amendment:

a. An explanation has been added to the definition of "Fair Value" under Regulation 2(hb), clarifying that the estimated realisable value of the corporate debtor shall be computed after taking into account the total estimated realisable value of all assets of the corporate debtor, including but not limited to tangible and intangible assets, along with their underlying synergies.

b. Regulation 27(1) has been amended to specify that the Resolution Professional is required to appoint two sets of registered valuers to determine the fair value and liquidation value within seven days of his appointment, but not later than forty-seven days from the insolvency commencement date.

c. Regulation 35(1A) has been inserted, which provides that a registered valuer is required to prepare the valuation report and maintain the relevant documentation in the format as notified by the Board.

d. A new Regulation 38A has been inserted, which stipulates that the resolution plan shall provide for the treatment of allottees in a real estate project where the information memorandum includes details of allottees who have not submitted their claims.

Kindly refer to the attached document for further details.

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