{"id":3901,"date":"2026-01-04T05:30:07","date_gmt":"2026-01-04T05:30:07","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3901"},"modified":"2026-01-04T05:30:08","modified_gmt":"2026-01-04T05:30:08","slug":"ibbi-notification-dated-22-12-2025-amendments-to-ibbi-insolvency-resolution-process-for-corporate-persons-cirp-regulations","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/04\/ibbi-notification-dated-22-12-2025-amendments-to-ibbi-insolvency-resolution-process-for-corporate-persons-cirp-regulations\/","title":{"rendered":"IBBI Notification Dated 22\/12\/2025 &#8211; Amendments to IBBI Insolvency Resolution Process for Corporate Persons (CIRP) Regulations\u00a0"},"content":{"rendered":"\n<p>The amendment inserts a new Regulation 38 (3A), prescribing additional mandatory disclosures in every resolution plan. A resolution applicant must provide a detailed statement of beneficial ownership, disclosing all natural persons who ultimately own or control the applicant, along with the shareholding structure and jurisdiction of each intermediate entity, in a format to be specified by the Board through circulars. The resolution plan must also include an affidavit confirming whether the applicant is eligible or not eligible for the benefit of Section 32A of the Code.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/f1f3b9db9d37ed015454d3c1b6d00fc7.pdf\"><em>(Link: IBBI Notification dared 22\/12\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amendment inserts a new Regulation 38 (3A), prescribing additional mandatory disclosures in every resolution plan. A resolution applicant must [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,70],"tags":[],"class_list":["post-3901","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-notifications-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI Notification Dated 22\/12\/2025 - Amendments to IBBI Insolvency Resolution Process for Corporate Persons (CIRP) Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/04\/ibbi-notification-dated-22-12-2025-amendments-to-ibbi-insolvency-resolution-process-for-corporate-persons-cirp-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBBI Notification Dated 22\/12\/2025 - Amendments to IBBI Insolvency Resolution Process for Corporate Persons (CIRP) Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The amendment inserts a new Regulation 38 (3A), prescribing additional mandatory disclosures in every resolution plan. 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