<h1>IBBI Amends Insolvency Resolution Process: New Rules for Interim Professionals, Creditor Voting, and Approval of Resolution Plans.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency Resolution Process for Corporate Persons Regulations, 2016. The changes require the interim resolution professional to offer three insolvency professionals from the state or union territory with the highest number of creditors to act as authorized representatives. Voting instructions from creditors will now be sought only after meeting minutes are circulated. Additionally, the committee of creditors will vote on all compliant resolution plans simultaneously, with the plan receiving at least 66% of votes being approved. These amendments are effective immediately.