Insolvency and Bankruptcy Code: IBBI amended the Insolvency Professional Agencies Regulations, 2016 to provide for Board nominee directors, stricter eligibility and renewal norms for independent directors, and mandatory submission of at least two candidates for appointment or renewal of managing directors. (14.05.2026)

Insolvency and Bankruptcy Code:

IBBI amended the Insolvency Professional Agencies Regulations, 2016 to provide for Board nominee directors, stricter eligibility and renewal norms for independent directors, and mandatory submission of at least two candidates for appointment or renewal of managing directors.

(Notification F. No. IBBI/2026-27/GN/REG/140 dated 13.04.26)