The Insolvency and Bankruptcy Board of India (IBBI) on April 15, 2026, issued a Discussion Paper on amendments to IBBI (Inspection and Investigation) Regulations, 2017.
The following has been stated: -
•The discussion paper proposes amendments to the IBBI (Inspection and Investigation) Regulations, 2017, following changes introduced by the Insolvency and Bankruptcy Code (Amendment) Act, 2026.
•It introduces the unified term “service provider,” covering insolvency professionals, agencies, information utilities, and other notified entities. Provisions relating to complaints, investigations, and disciplinary actions are updated to align with this broader definition.
•The powers of the Disciplinary Committee are expanded, including authority for disgorgement of unlawful gains and restitution to affected persons.
•Public comments on the proposed amendments are invited until April 28, 2026.
The detailed notification is given in the document below.
