Summary: The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fifth Amendment) Regulations, 2026 on 22 September 2026. The amendment has been made in exercise of powers conferred under clauses (aa) and (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016. The regulations come into force from the date of their publication in the Official Gazette. The amendment substitutes sub-regulations (3) and (4) of regulation 31 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 with a new sub-regulation (3). Under the substituted provision, a liquidator may modify an entry in the list of stakeholders when additional information comes to his notice which warrants such modification. Where such modification is made, the liquidator is required to intimate the Adjudicating Authority regarding the modification within thirty days of making it. The principal Liquidation Process Regulations were originally notified on 15 December 2016 through Notification No. IBBI/2016-17/GN/REG005. The notification further records that they were last amended by the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2026, notified on 1 June 2026.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
NOTIFICATION
New Delhi, the 22nd September, 2026
Insolvency and Bankruptcy Board of India (Liquidation Process) (Fifth Amendment) Regulations, 2026.
F. No. IBBI/2026-27/GN/REG154.— In exercise of the powers conferred under clauses (aa) and (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 regulations to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, namely:-
1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fifth Amendment) Regulations, 2026.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, in regulation 31, for sub-regulations (3) and (4), following sub-regulation shall be substituted, namely : –
“(3) The liquidator may modify an entry in the list of stakeholders when he comes across additional information warranting such modification, and shall intimate the Adjudicating Authority regarding such modification, within thirty days of such modification.”
JAYANTI PRASAD, Chairperson
[ADVT.-III/4/Exty./339/2026-27]
Note: The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG005, dated 15th December, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, vide No. 460 on 15th December, 2016 and were last amended by the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2026 published vide notification No. IBBI/2026-27/GN/REG151., dated the 1st June, 2026 in the Gazette of India, Extraordinary, Part III, Section 4, No.370 on 2nd June, 2026.
