The Insolvency and Bankruptancy Board of India has Amended to the Insolvency and Bankruptcy Board of India (IBBI) Insolvency Resolution Process (IPP) for Corporate Persons Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
According to the Amended Regulations, a Resolution Plan shall include a statement as to how it has dealt with the interests of all stakeholders, including financial creditors and operational creditors, of the Corporate Debtor.
Through this amendment, a resolution plan should have a statement about dealing with the interests of all stakeholders.
