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of <h1>Insolvency Board Amends Fast Track Resolution Regulations 2017, Adds New Rule 37(1A) for Stakeholder Interests Statement.</h1> The Insolvency and Bankruptcy Board of India issued the Second Amendment to the Fast Track Insolvency Resolution Process for Corporate Persons Regulations, 2017, effective upon publication in the Official Gazette. The amendment modifies the title of the regulations and adds a new sub-regulation (1A) to regulation 37, requiring resolution plans to include a statement on how they address the interests of all stakeholders, including financial and operational creditors of the corporate debtor. This amendment follows previous regulations published in June and August 2017.
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