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of <h1>IBBI Rescinds Redundant Circulars to Streamline Regulations; Updates on Confidentiality, Creditor Representation, and Record Retention.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has reviewed its circulars and decided to rescind several that are now redundant due to their incorporation into existing regulations. These include directives on confidentiality, appointment of authorized representatives for creditors, attendance and voting rights in Committee of Creditors meetings, and record retention. The rescinded circulars, detailed in an annexure, are already covered by the Insolvency Resolution Process for Corporate Persons Regulations, 2016, and the Insolvency Professionals Regulations, 2016. This decision was made to streamline regulatory guidance and eliminate duplication.
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