The Insolvency and Bankruptcy Board of India (IBBI) has for suggestions on regulations under the Insolvency and Bankruptcy Code, 2016 (IBC), to make compliance simple and more cost-effective. This is part of a requirement to seek a review of laws every three years and meet the commitment in the 2023-2024 budget.
Reviews and suggestions are invited from the public, online only, until 30 June 2025.
The grounds for this review are outlined in the provisions of the IBBI (Mechanism for Issuing Regulations) Regulations, 2018. This requires the review to be mindful of the objective, outcome, implementation and enforcement experience, global best practices, relevance in changing environment, etc.
The IBBI said it planned to release the results of the consultation by 30 September 2025.
Instructions on making submissions on the IBBI website can be found .
