Whalesbook
The Insolvency and Bankruptcy Board of India (IBBI) has proposed significant regulatory changes to the bankruptcy framework. Key proposals include a virtual guarantee for all homebuyers to be stakeholders in resolution plans, regardless of claim filing, to reduce delays and litigation. The IBBI also aims to strengthen disclosure by mandating the inclusion of trade receivables, joint development agreements, and assets under attachment in information memorandums. Furthermore, operational creditors may gain observer status in Committee of Creditors meetings under certain conditions.