The Insolvency and Bankruptcy Board of India (IBBI) on May 20, 2026, notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2026, to further amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The following has been stated:-
•In regulation 27, after sub-regulation (1), the following proviso shall be inserted, namely: -
“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 resolution professional shall appoint one set of registered valuers, unless the committee decides, for reasons to be recorded in writing, to appoint two sets of registered valuers.”
They shall come into force on May 21, 2026.
The detailed notification is given in the document below.
[Notification No.:F.No.IBBI/2026-27/GN/REG141]
