Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) (Third Amendment) Regulations, 2026. - F. No. IBBI/2026-27/GN/REG147 - Insolvency and Bankruptcy
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Pre-packaged insolvency resolution process formats shift to Board-notified templates with updated filing requirements for applicants. The amendments replace several prescribed forms with formats notified by the Board across the pre-packaged insolvency resolution process and omit one definitional clause. A new information-and-documents provision requires the corporate applicant to file the directors' or partners' declaration, the process-initiating resolution, approval of unrelated financial creditors holding at least fifty-one per cent in value, the proposed resolution professional's consent and report, audited and provisional financial statements, and the notified format for authorised representatives, where applicable.
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Provisions expressly mentioned in the judgment/order text.
Pre-packaged insolvency resolution process formats shift to Board-notified templates with updated filing requirements for applicants.
The amendments replace several prescribed forms with formats notified by the Board across the pre-packaged insolvency resolution process and omit one definitional clause. A new information-and-documents provision requires the corporate applicant to file the directors' or partners' declaration, the process-initiating resolution, approval of unrelated financial creditors holding at least fifty-one per cent in value, the proposed resolution professional's consent and report, audited and provisional financial statements, and the notified format for authorised representatives, where applicable.
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