Exclusion of insolvency moratorium for Cape Town Convention aircraft transactions preserves Convention based international interests over domestic stay.
The Central Government notifies that the moratorium provision of the Insolvency and Bankruptcy Code, 2016 shall not apply to transactions, arrangements or agreements under the Convention on International Interests in Mobile Equipment and the Aircraft Protocol insofar as they relate to aircraft, aircraft engines, airframes and helicopters, thereby excluding Convention based international interests in specified aircraft equipment from the domestic moratorium mechanism.

Debtor records and cooperation: mandated handover and requisition of assets, records and information to resolution professionals.
Filers under sections 7 and 9 must submit a detailed chronology of the debt and default with evidentiary dates and limitation. Interim or resolution professionals shall take custody and control of corporate records and assets from personnel or promoters, obtain signed lists or prepare lists where none is provided, identify custodians of assets, and requisition outstanding information or assets; non-production must be shown in applications under section 19(2). Late creditor claims may be submitted within a prescribed window, will be verified and categorised by the resolution professional, notified with reasons for rejection, and placed before the committee or adjudicating authority for inclusion or condonation.

Professional membership enrolment and surrender rules tightened with specific compliance and expulsion grounds under insolvency regulations.
Enrolment requires individuals and entities to apply using Part I of Form A and Part I of Form AA under the Insolvency Professionals Regulations, in the manner and with fees specified by the Agency, and a sixty-day timeline is prescribed for compliance with bye-law requirements. Agencies may refuse membership surrender where disciplinary proceedings are pending, regulatory obligations or record preservation requirements are unmet, or where the member's replacement would harm a Code process. Expulsion is permitted for ineligibility, disciplinary orders not stayed, non-payment of fees after notice, Board cancellation, or court orders.

Registration and Surrender of insolvency professional certificates refined, shifting verification to agencies and tightening processing timelines.
Amendments streamline registration by requiring pre-registration education completion within twelve months of fee payment, shifting initial verification to insolvency professional agencies which must forward applications to the Board within thirty days, shortening specified Board processing timelines, prescribing registration fees, substituting unified Forms A and AA for three-part applicant-agency submissions, and establishing surrender, cancellation and special procedures including deemed cancellation on demise or winding up and obligations on legal heirs or assignees to deliver records.

Eligibility for Insolvency Professional updated to require Post Graduate Insolvency Programme entry, altering educational criteria.
The amendment inserts the word Post before "Graduate Insolvency Programme" in regulation 5(c)(ii) and in the Second Schedule, Form A, caption B (Qualifications), table (iii) Insolvency Examination, Sl. No. 2, thereby changing the educational requirement to the Post Graduate Insolvency Programme; the regulations are made under sections 196, 207, 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 and come into force on publication in the Official Gazette.

Exemption from regulatory fee where an allottee association submits an approved resolution plan for a real estate insolvency.
Amendment clarifies that the regulatory fee under regulation 31A(1) is not payable where an approved resolution plan for the insolvency resolution of a real estate project is submitted by an association or group of allottees in that project, removing doubt about fee liability for allottee sponsored approved plans.

Moratorium exclusion for oil and mining contracts preserves specified contracts and related agreements from suspension under insolvency law.
The Central Government notifies that the moratorium provisions under the Insolvency and Bankruptcy Code shall not apply to Production Sharing Contracts, Revenue Sharing Contracts, Exploration Licenses and Mining Leases under the Oilfields (Regulation and Development) Act, nor to transactions, arrangements or agreements, including Joint Operating Agreements, connected or ancillary to those contracts.