Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Second Amendment) Regulations, 2026

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.... Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Second Amendment) Regulations, 2026 F. No. IBBI/2026-27/GN/REG150.- In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulation....

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....rds "such form as notified by the Board through circular" shall be substituted. 4. In the principal regulations, in regulation 10, in sub-regulation (3), in clause (h), after words, numerical and mark "section 164,"; the alphanumerical "164A, " shall be inserted. 5. In the principal regulations, after regulation 20, the following regulation shall be inserted, namely:- "20A. Facilita....

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....or in respect of whom such guarantee has been given. (3) Where approval is granted by the meeting of committee of creditors permitting the transfer, the bankruptcy trustee of such debtor shall ensure that the proposed transfer is appropriately disclosed under regulation 7 and section 155.". 6. In the principal regulations, in regulation 26, in sub-regulation (2), for the words "Form B"....