TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Amends Insolvency Regulations: New Evidence Rules for Creditors, Mandatory Electronic Filings, and Claimant Notification Requirements.</h1> The Insolvency and Bankruptcy Board of India issued the Fifth Amendment to the Insolvency Resolution Process for Corporate Persons Regulations, 2016, effective upon publication in the Official Gazette. This amendment introduces Regulation 2A, allowing financial creditors to provide evidence of default through certified bank records or court orders. Regulation 13 now requires filings on the Board's electronic platform for ongoing and new corporate insolvency processes. Additionally, Regulation 39 mandates resolution professionals to inform claimants of debt payment principles within fifteen days of resolution plan approval. These changes apply to processes commencing on or after the amendment's effective date.
TaxTMI 
