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of <h1>IBBI Fifth Amendment Regulations 2025 require disclosure of avoidance transactions in information memorandums and prohibit undisclosed assignments</h1> The Insolvency and Bankruptcy Board of India issued the Fifth Amendment Regulations, 2025, effective from publication date. The amendments modify regulation 36 to require information memorandums include details of identified avoidance transactions and fraudulent/wrongful trading under relevant Code chapters, with subsequent updates. Additionally, regulation 38 is amended to prohibit resolution plans from assigning avoidance transactions or fraudulent trading that were not disclosed in the information memorandum and communicated to prospective resolution applicants before the submission deadline. The amendments contain a grandfathering provision exempting resolution plans already submitted to the Adjudicating Authority before the regulation's commencement.
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