The Insolvency and Bankruptcy Board of India (IBBI) on May 19, 2026, issued the Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2026 to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
The following has been stated:
In Regulation 35, after sub-regulation (2), the following proviso shall be inserted:
“Provided that, in respect of a corporate debtor classified as a micro, small or medium enterprise under sub-section (1) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the liquidator shall appoint one registered valuer for each asset class of the corporate debtor, unless the liquidator, after consultation with the consultation committee, decides, for reasons to be recorded in writing, to appoint two registered valuers.”
In the principal regulations, in Regulation 35, in the proviso to sub-regulation (2), after the word “Provided”, the word “further” shall be inserted.
It shall come into force on May 19, 2026.
[F. No. IBBI/2026-27/GN/REG142]
