<h1>IBBI Amends Insolvency Regulations: Boosts Transparency, Accountability with New Disclosure, Appointment, and Reporting Rules.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations for the insolvency resolution process for corporate entities, effective from July 14, 2021. The amendments aim to enhance transparency and accountability. Key changes include requiring insolvency professionals to disclose all former names and addresses of corporate debtors from the past two years, allowing interim resolution professionals to appoint necessary professionals on an arm's length basis, and mandating resolution professionals to report avoidance transactions through a new electronic form, CIRP 8. These measures seek to improve stakeholder participation and prevent financial stress on corporate debtors.