https://www.taxtmi.com/notifications?id=146023 The amendment requires that the eighteen largest operational creditors be unrelated operational creditors, includes all such creditors where fewer than eighteen exist, and provides for observer participation by specified unrelated operational creditors where non-bank and non-public financial institution creditors hold more than sixty-six per cent voting share. It also tightens approval of insolvency resolution process costs through first-meeting approval, a Going Concern Assessment Report, and prior committee approval for later costs. The committee must further record reasons on feasibility, viability, realisable value, and market discovery when approving resolution plans. en-us Mon, 08 Jun 2026 00:00:00 +0530 Thu, 11 Jun 2026 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146023 The amendment requires that the eighteen largest operational creditors be unrelated operational creditors, includes all such creditors where fewer than eighteen exist, and provides for observer participation by specified unrelated operational creditors where non-bank and non-public financial institution creditors hold more than sixty-six per cent voting share. It also tightens approval of insolvency resolution process costs through first-meeting approval, a Going Concern Assessment Report, and prior committee approval for later costs. The committee must further record reasons on feasibility, viability, realisable value, and market discovery when approving resolution plans. Notifications IBC Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146023