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<h1>Due diligence for resolution applicants strengthened, requiring verification of antecedents and transaction histories by RPs and CoC.</h1> IBBI amended CIRP Regulations to require that Resolution Professionals ensure each Resolution Plan submitted to the Committee of Creditors contains details assessing Resolution Applicants' credibility-including convictions, disqualifications, criminal proceedings, willful defaulter status, SEBI debarment, and transactions with the Corporate Debtor in the prior two years-and to submit particulars of transactions potentially falling under Sections 43, 45, 50 and 66 of the Code.