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Core Purpose

This notification introduces the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025, to further amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Detailed Summary

The Insolvency and Bankruptcy Board of India (IBBI) issued the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025, on October 14, 2025, under F. No. IBBI/2025-26/GN/REG130. These regulations, which come into force upon publication in the Official Gazette, amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The amendments, made in exercise of powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), specifically omit regulation 39C from the principal regulations. Additionally, in regulation 39D of the principal regulations, clause (b) is omitted, and in clause (a), the word "and" is inserted after "Companies Act, 2013;". Furthermore, point b of paragraph 15 in Form H of the principal regulations is also omitted. The principal regulations were initially published via notification No. IBBI/2016-17/GN/REG004 on November 30, 2016, and were last amended by the (Fifth Amendment) Regulations, 2025, published via notification No. IBBI/2025-26/GN/REG128 on July 4, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-16102025-266970 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 676] NEW DELHI, TUESDAY, OCTOBER 14, 2025/ASVINA 22, 1947 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 14th October, 2025 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. F. No. IBBI/2025-26/GN/REG130.— In exercise of the powers conferred by clause (t) of sub- section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (hereinafter referred to as 'the principal regulations'), regulation 39C shall be omitted. 3. In the principal regulations, in regulation 39D, (i) in clause (a), after the words, number and mark "Companies Act, 2013;", the word "and" shall be inserted. (ii) clause (b) shall be omitted. 4. In the principal regulations, in Form H, in paragraph 15, point b shall be omitted. RAVI MITAL, Chairperson [ADVT.-III/4/Exty./410/2025-26] Note: The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 were published vide notification No. IBBI/2016- 17/GN/REG004, dated 30th November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 432 on 30th November, 2016 and were last amended by the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025 published vide notification No. IBBI/2025-26/GN/REG128, dated the 4th July, 2025 in the Gazette of India, Extraordinary, Part III, Section 4, No. 478 on 4th July, 2025. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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