Insolvency and Bankruptcy Board of India has amended seven sets of regulations to give effect to the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The amendment regulations are available on the website of IBBI at www.ibbi.gov.in. Separate amendments to the CIRP Regulations and the Liquidation Regulations have also been notified and are covered in separate press releases.

A. IBBI (Information Utilities) (Amendment) Regulations, 2026

References to “financial creditor, which is a bank included in the second schedule of the Reserve Bank of India Act, 1934” in the IU Regulations have been replaced with the broader term “financial institution” as defined under Section 3(14) of the Code. The regulations have been amended to provide for issuance of a Record of Default (RoD) in cases where: (i) the debtor confirms the information of default; or (ii) the debtor does not respond even after the prescribed reminders, resulting in deemed authentication. A distinct informational output, namely “Information of Dispute” (IoD), has been introduced as a standardised output to capture cases where the debtor disputes the information of default.

B. IBBI (Pre-Packaged Insolvency Resolution Process) (Third Amendment) Regulations, 2026

The list of information and documents to be furnished by a corporate applicant with an application to initiate the pre-packaged insolvency resolution process has been revised, in line with the amendment to Section 54C(3) of the Code.

C. IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2026

Provisions on submission and updation of claims have been added. The liquidator is required to record reasons for rejecting a claim and communicate the decision to the stakeholder within seven days. A framework for termination of a voluntary liquidation has been provided, operationalising the new provisions of Section 59 of the Code.

D. IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2026

Applications under Sections 94 and 95 of the Code are required to be accompanied by a comprehensive statement of all assets of the personal guarantor across twelve specified categories, including digital assets and beneficial interests, and assets held directly or indirectly through nominees, trusts, or other structures. The resolution professional of the personal guarantor is required to coordinate with the resolution professional of the corporate debtor on asset transfers under Section 28A of the Code, with such transfers requiring prior approval of the guarantor’s creditors and appropriate disclosure in statutory reports.

E. IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Second Amendment) Regulations, 2026

The bankruptcy trustee is required to coordinate with the resolution professional of the corporate debtor on asset transfers under Section 28A and disclosure, and is required to report action taken on transactions defrauding creditors under the newly introduced Section 164A of the Code.

F. IBBI (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2026

The definition of “service provider” has been aligned with the Code, extending the grievance and complaint handling framework to all categories of service providers regulated by the Board.

G. IBBI (Inspection and Investigation) (Amendment) Regulations, 2026

The constitution of the Disciplinary Committee has been aligned with the amended Code, providing that it may consist of one or more persons. The definition of “service provider” has been aligned with the Code.