Insolvency and Bankruptcy code: Disclosure of all identified avoidance transactions and instances of fraudulent or wrongful trading is now mandatory in the information memorandum. Such transactions cannot be assigned in the resolution plan unless disclosed in advance and shared with all prospective resolution applicants before the submission deadline.(07.07.2025)

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Insolvency and Bankruptcy code

Disclosure of all identified avoidance transactions and instances of fraudulent or wrongful trading is now mandatory in the information memorandum. Such transactions cannot be assigned in the resolution plan unless disclosed in advance and shared with all prospective resolution applicants before the submission deadline.

(Notification F. No. IBBI/2025-26/GN/REG128 dated 07.07.25)