Key IBBI tweaks may be finalised in December

The Insolvency & Bankruptcy Board of India (IBBI) will finalize amendments to regulations next month, including those for home buyers, personal and companies' insolvency proceedings, and liquidation. The government may not introduce these amendments in the upcoming parliamentary session. The proposed changes draw upon recommendations from an expert committee, including the registration of property during insolvency proceedings and allowing resolution professionals to break up a company into projects. The IBBI also proposes changes to deal with the insolvency of personal guarantors.

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