Search: discussion paper
2stories
September 2026
-
InsolvencyIBBI proposes four CIRP-style safeguards for personal guarantor insolvency — related parties to get nil vote, mandatory valuation; comments closed on 3 October 2026
Proposal — comments closed 3 OctComments invitedAn IBBI discussion paper proposes four amendments to the regulations for insolvency resolution of personal guarantors to corporate debtors: nil voting share for related parties of the guarantor, examination and reporting of avoidance transactions, valuation of the guarantor’s assets by a registered valuer, and recording of creditors’ reasons on the repayment plan. These are proposals only. The last date for comments was 3 October 2026, which has passed.
August 2026
-
InsolvencyIBBI discussion paper of 14 August 2026 proposed guidance for insolvency professionals on fraudulent or malicious initiation of CIRP under section 65; comments closed 24 August
Draft — comments closed 24 AugComments invitedIBBI’s discussion paper dated 14 August 2026 placed a draft circular for comments: nine illustrative indicators that should alert an insolvency professional to fraudulent or malicious initiation of CIRP, and an application to the Adjudicating Authority under section 60(5) read with section 65 where the professional forms that opinion. It was a proposal; the comment period ended on 24 August 2026.
The morning brief
One email each working morning with the day’s tax, GST and company-law news. It is starting soon; leave your address and it comes to you from day one.