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Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

30th November, 2016

(Updated in 2025) (As Amended by Noti. No., F. No. IBBI/2025-26/GN/REG130., dt. 14/10/2025 - Amendments in 39C, Regulation 39D(a), Regulation 39D(b) and Form H Noti. No. F. No. IBBI/2025-26/GN/REG128., dt. 04/07/2025 - Amendments in Regulation 36(1), Regulation 36(2), Regulation 38(2A) Noti. No. F. No. IBBI/2025-26/GN/REG127, dt. 26/05/2025 - Amendments in Regulation 18(5), Regulation 36A(1A), Regulation 36B(6A), Regulation 38(1)(b), Regulation 39(2), Regulation 39(3)(a) Noti. No. IBBI/2025-26/GN/REG126., dt. 19/05/2025 - Amendment in Regulation 40B Noti. No. F. No. IBBI/2025-26/GN/REG124. 03/04/2025 - Amendment in Schedule-I Form H Noti. No. F.No. IBBI/2024-25/GN/REG122, dt. 03/02/2025 - Amendments in Regulation 4E, Regulation 16C, Regulation 16D, Regulation 18(4), Regulation 30C, Regulation 31(ac), Regulation 36A(4), Regulation 36A(4)(e), Regulation 36B(4A), Regulation 38(4), Schedule-I Form G No. IBBI/2024-25/GN/REG116. dt. 24/09/20

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S.1[Regulation 2A Record or evidence of default by financial creditor.--
S.1[Regulation 2B Record or evidence of transaction, debt and default by operational creditor.--
S.1[Regulation 2C Submission of information along with application.--
S.1[Regulation 2D Details of debt, default and limitation in respect of applications under Section 7 or Section 9.--
S.Regulation 3 Eligibility for resolution professional.--
S.1[Regulation 3A Assistance and cooperation by the personnel of the corporate debtor.--
S.Regulation 4 Access to books.--
S.1[Regulation 4A Choice of authorised representative.--
S.1[Regulation 4B Disclosure of change in name and address of corporate debtor.--
S.1[Regulation 4C Process e-mail.--
S.1[Regulation 4D Operating separate bank account for each real estate project.--
S.1[Regulation 4E Handing over the possession.--
S.Regulation 5 Extortionate credit transaction.--
S.Regulation 6 Public announcement.--
S.1[Regulation 6A Communication to creditors.--
S.Regulation 7 Claims by operational creditors.--
S.Regulation 8 Claims by financial creditors.--
S.1[Regulation 8A Claims by creditors in a class.--
S.Regulation 9 Claims by workmen and employees.--
S.1[Regulation 9A Claims by other creditors.--
S.Regulation 10 Substantiation of claims.--
S.Regulation 11 Cost of proof.--
S.Regulation 12 Submission of proof of claims.--
S.1[Regulation 12A Updation of claim.--
S.Rule 13 Verification of claims.--
S.Regulation 14 Determination of amount of claim.--
S.Regulation 15 Debt in foreign currency.--
S.Regulation 16 Committee with only operational creditors.--
S.1[Regulation 16A Authorised representative.--
S.1[Regulation 16B Committee with only creditors in a class.--
S.1[Regulation 16C Appointment of facilitators.--
S.Regulation 16D Roles and responsibilities of the facilitator.--
S.1[Regulation 17 Constitution of committee.--
S.1[Regulation 18 Meetings of the committee.--
S.1[Regulation 19
S.Regulation 20 Service of notice by electronic means.--
S.Regulation 21 Contents of the notice for meeting.--
S.Regulation 22 Quorum at the meeting.--
S.Regulation 23 Participation through video conferencing.--
S.Rule 24 Conduct of meeting.--
S.Regulation 25 Voting by the committee.--
S.1[Regulation 25A Voting by Authorised Representative.--
S.Regulation 26 Voting through electronic means.--
S.1[Regulation 27 Appointment of Professionals.--
S.Regulation 28 Transfer of debt due to creditors.--
S.Regulation 29 Sale of assets outside the ordinary course of business.--
S.Regulation 30 Assistance of local district administration.--
S.1[Regulation 30A Withdrawal of application.--
S.1[Regulation 30B Audit of corporate debtor.--
S.1[Regulation 30C Report on the status of development rights and permissions of real estate projects.--
S.Rule 31 Insolvency resolution process costs.--
S.1[Regulation 31A Regulatory Fee.--
S.1[Regulation 31B Approval of committee for insolvency resolution process costs.--
S.Regulation 32 Essential supplies.--
S.Regulation 33 Costs of the interim resolution professional.--
S.Regulation 34 Resolution professional costs.--
S.1[Regulation 34A Disclosure of Costs.--
S.1[Regulation 34-B Fee to be paid to interim resolution professional and resolution professional.--
S.1[Regulation 35 Fair value and Liquidation value.--
S.1[Regulation 35A Preferential and other transactions.--
S.Regulation 36 Information memorandum.--
S.1[Regulation 36A Invitation for expression of interest.--
S.1[Regulation 36B Request for resolution plans.--
S.1[Regulation 36C Strategy for marketing of assets of the corporate debtor.--
S.1[Regulation 37 Resolution plan.--
S.Regulation 38 Mandatory contents of the resolution plan.--
S.Regulation 39 Approval of resolution plan.--
S.1[Regulation 39A Preservation of records.--
S.1[Regulation 39B Meeting liquidation cost.--
S.1[Regulation 39BA Assessment of Compromise or Arrangement.--
S.1[Regulation 39C
S.1[Regulation 39D Fee of the liquidator.--
S.Regulation 40 Extension of the corporate insolvency resolution process period.--
S.1[Regulation 40A Model time-line for corporate insolvency resolution process.--
S.1[Regulation 40B Filing of Forms.--
S.1[Regulation 40C Special provision relating to time-line.--
S.1[Regulation 40D Decision for liquidation.--
S.FORM A
S.FORM AA
S.FORM AB
S.FORM B
S.FORM C
S.FORM CA
S.FORM D
S.FORM E
S.FORM F
S.FORM FA
S.FORM G
S.FORM H
S.1
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025 All Amendments Incorporated at Appropriate place
S.Regulation 2 Definitions.--
S.Regulation 1 Short title and commencement.--

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