The key changes include the addition to Regulation 18, allowing the committee of creditors to invite interim finance providers as observers to specific meetings, though without voting rights. Regulation 36A has been updated, enabling the resolution professional, with committee approval, to seek expressions of interest not only for resolution plans for the entire corporate debtor but also for individual asset sales or both. In Regulation 38, a new proviso ensures that if payments in a resolution plan are staggered, financial creditors who did not support the plan must receive payments pro rata and with priority at each stage, over those who voted in favour. The Regulation 39 refine the treatment and presentation of resolution plans.
(Link: IBBI Notification Dated 26/05/2025, Press Release Dated 30/05/2025)