The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 yesterday. According to theAmended Regulations, a Resolution Plan shall include a statement as to how it has dealt with the interests of all stakeholders, including financial creditors and operational creditors, of the Corporate Debtor.

 The Amendments are available at www.mca.gov.in and www.ibbi.gov.in.

Resolution plan disclosure: plans must state how they address interests of all stakeholders, including creditors. Amendment requires that a Resolution Plan include a statement explaining how it addresses the interests of all stakeholders of the Corporate Debtor, expressly including financial creditors and operational creditors; the change amends both the standard and fast-track insolvency resolution regulations and is published on the official corporate affairs and IBBI websites.