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of <h1>India Updates Insolvency Regulations: New Email Protocols, Asset Marketing, and Resolution Timelines Effective September 2022.</h1> The Insolvency and Bankruptcy Board of India has issued the Fourth Amendment to the Insolvency Resolution Process for Corporate Persons Regulations, 2016, effective from September 16, 2022. Key changes include the introduction of a mandatory process email for interim and resolution professionals, communication protocols to creditors, and specific timelines for various insolvency procedures. Amendments also address the marketing strategy for corporate debtor assets, the assessment of compromise or arrangement during liquidation, and the introduction of new clauses for asset sales. The timeline for submission and approval of resolution plans has been adjusted, and a new Form G for expression of interest is introduced.
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