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of <h1>India Amends Insolvency Rules: New Confidentiality Measures and Changes to Resolution Plan Submission Process.</h1> The Insolvency and Bankruptcy Board of India has issued the Fourth Amendment to the Insolvency Resolution Process for Corporate Persons Regulations, 2017. This amendment revises the definition of a 'dissenting financial creditor' and mandates the confidentiality of the liquidation value by resolution professionals, requiring an undertaking from committee members. It also omits certain clauses in regulation 36 and modifies the submission process of resolution plans in regulation 39. These changes are effective upon publication in the Official Gazette. Previous amendments were made in August, October, and November 2017.
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