The Insolvency and Bankruptcy Board of India has amended the Liquidation Process Regulations, 2016 to streamline compliance and reporting during liquidation proceedings. By substituting Regulation 47B(1), the amendment mandates that liquidators must file all prescribed forms, along with their enclosures, on the Board’s electronic platform in accordance with timelines specified for each form, as notified from time to time. The change replaces the earlier, more static filing requirement with a dynamic, technology-driven framework that allows the Board to update forms and timelines without further regulatory amendments. Effective from the date of publication in the Official Gazette, the amendment reinforces digital governance, enhances transparency, and ensures real-time regulatory oversight of liquidation processes. It also places a clear statutory obligation on liquidators to track and comply with evolving electronic filing requirements, reducing procedural ambiguity and standardising disclosures across liquidation cases under the Insolvency and Bankruptcy Code framework.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
NOTIFICATION
New Delhi, the 2nd January, 2026
Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2026
F. No. IBBI/2025-26/GN/REG134..— 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 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) (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 47B, for clause (1) the following shall be substituted, namely:-
“(1) The liquidator shall file the Forms, along with enclosures thereto, as notified by Board, from time to time, on an electronic platform of the Board, as per the timelines stipulated for each form.”
RAVI MITAL, Chairperson
[ADVT.-III/4/Exty./580/2025-26]
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 Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2025 vide notification No. IBBI/2025-26/GN/REG129 dated the 14 October, 2025 in the Gazette of India, Extraordinary, Part III, Section 4, vide No. 675 on 14 October, 2025.
