IBBI strengthens CIRP Governance

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026, introducing significant reforms aimed at strengthening transparency, accountability and stakeholder participation in the Corporate Insolvency Resolution Process (CIRP). 

The amendments enhance representation of operational creditors, introduce new safeguards where non-bank creditors dominate the Committee of Creditors (CoC), mandate closer scrutiny of insolvency process costs and require detailed recording of commercial decisions relating to resolution plans.