The Insolvency and Bankruptcy Board of India (IBBI) has released a significant discussion paper focused on enhancing the integrity of the Corporate Insolvency Resolution Process (CIRP). The paper puts forth important regulatory proposals such as:
=> Formalizing the Committee of Creditors’ (CoC) deliberations and responsibilities around Section 29A eligibility, thereby strengthening collective due diligence and accountability.
=> Mandating enhanced disclosures regarding beneficial ownership and eligibility for immunities under Section 32A in resolution plans.
=> Proposing submission and management of resolution plans through the digital eBikray platform, further promoting transparency, procedural fairness, and confidentiality in the process.
We believe these proposals mark a progressive step towards ensuring greater transparency, institutional rigor, and efficiency in the insolvency ecosystem.
We urge all Insolvency Professional Entities (IPEs), professionals, and stakeholders to review the attached IBBI discussion paper and contribute their valuable comments and suggestions. Your insights and feedback are crucial in shaping a robust regulatory framework that truly serves the interests of the market and all stakeholders.
Why this matters:
These proposals have the potential to significantly change the way resolution plans are invited, evaluated, and approved. As Insolvency Professional Entities (IPEs) and stakeholders, your insights are vital to ensure that practical challenges are addressed and reforms lead to real improvements.
📩 AIPE invites all IPEs, IPs, and followers to review the paper and share their comments. Your feedback will be consolidated and submitted to IBBI. Let’s work together to further strengthen the integrity and effectiveness of the CIRP framework. Please read the paper and share your views!
🔗 [Attach/Link to the Discussion Paper]
🗓 Deadline for comments: [27TH AUGUST 2025]
Let’s shape the future of CIRP together—your voice matters.
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