IBBI Extends Deadline For Public Comments On Proposed IBC Regulation Changes To May 5

The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for public comments on nine discussion papers proposing changes across multiple regulations under the Insolvency and Bankruptcy Code, giving stakeholders additional time to weigh in on the proposed framework.

In a press release issued on April 28, the regulator said the last date for submitting comments, originally set for April 28, has now been pushed to May 5.

The consultation, opened on April 15, spans a proposed creditor-initiated insolvency resolution process, amendments to the liquidation regulations, and changes to the corporate insolvency resolution process rules following the 2026 amendment to the Code.

It also covers proposed revisions to the pre-packaged insolvency process regulations, alongside amendments to the frameworks governing information utilities, inspections and investigations, and grievance redressal procedures.

Changes to the regime for personal guarantors to corporate debtors and the voluntary liquidation process are part of the same set of proposals.

The board, which has described its rule-making process as stakeholder-driven and consultative, said stakeholders can submit comments electronically through its website by selecting the “Public Comments” section and the relevant paper.

All other conditions for submission remain unchanged.