Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) (Third Amendment) Regulations, 2026.

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....ulations to further amend the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) Regulations, 2021, namely: - 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) (Third Amendment) Regulations, 2026.   (2) They shall come into force on the date^# of publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) Regulations, 2021, (hereinafter referred to as 'the principal regulations'), in regulation 2, in sub-regulation (1),  (a) in clause (h), for the words "a Form specified in the Schedule", the words "such format as notified by the....

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....al regulations, for regulation 18, the following shall be substituted namely:- "18. Information and documents to be furnished by the applicant. For the purposes of sub-section (3) of section 54C of the Code, the corporate applicant shall, along with the application, furnish the following information and documents:-- (1) a copy of the declaration made by the majority of the directors or partners, as the case may be, in such format as notified by the Board; (2) a copy of the declaration, special resolution or resolution, as the case may be, for initiating pre-packaged insolvency resolution process in terms of section 54A; (3) proof of approval from financial creditors, not being related parties, re....

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....d under subregulation (8)" shall be substituted. 11. In the principal regulations, in regulation 43,  (a) in sub-regulation (1), for the words "Form P11", the words "such format as notified by the Board" shall be substituted. (b) in sub-regulation (2) and (3), for the words "Form P11", the words "form referred in sub-regulation (1)", shall be substituted. 12. In the principal regulations, in regulation 49,  (a) in sub-regulation (1), for the words "Form P12", the words "such format as notified by the Board" shall be substituted. (b) in sub-regulation (4) for the words "in Form P13", the words "in such format as notified by the Board" shall be substituted. 13. In the principal regulation....