{"id":4651,"date":"2026-02-22T16:39:02","date_gmt":"2026-02-22T16:39:02","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=4651"},"modified":"2026-02-22T16:39:04","modified_gmt":"2026-02-22T16:39:04","slug":"ibbi-discussion-paper-dated-16-02-2026-strengthening-cocs-oversight-and-procedural-clarity-under-the-cirp-regulations","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/22\/ibbi-discussion-paper-dated-16-02-2026-strengthening-cocs-oversight-and-procedural-clarity-under-the-cirp-regulations\/","title":{"rendered":"IBBI Discussion Paper Dated 16\/02\/2026 &#8211; Strengthening CoC\u2019s oversight and procedural clarity under the CIRP Regulations\u00a0"},"content":{"rendered":"\n<p>The paper intends to enhance transparency in recording CoC deliberations while approving resolution plans, rationalise approval of insolvency resolution process costs (CIRP costs), and require a structured Going Concern Assessment Report at the first CoC meeting. It clarifies that delayed claims accepted by the resolution professional must be placed before the Adjudicating Authority for condonation, with the CoC\u2019s role limited to recommendations on treatment in the plan. It also proposes excluding related operational creditors from CoCs, constituted solely of operational creditors to avoid conflict of interest.<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/whatsnew\/0d3a369d7d8a358fbb0b1d5ff171739f.pdf\"><em>(Link: IBBI Discussion Paper Dated 16\/02\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The paper intends to enhance transparency in recording CoC deliberations while approving resolution plans, rationalise approval of insolvency resolution process [&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":[66,71],"tags":[],"class_list":["post-4651","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-circulars-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI Discussion Paper Dated 16\/02\/2026 - Strengthening CoC\u2019s oversight and procedural clarity under the 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\/02\/22\/ibbi-discussion-paper-dated-16-02-2026-strengthening-cocs-oversight-and-procedural-clarity-under-the-cirp-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBBI Discussion Paper Dated 16\/02\/2026 - Strengthening CoC\u2019s oversight and procedural clarity under the CIRP Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The paper intends to enhance transparency in recording CoC deliberations while approving resolution plans, rationalise approval of insolvency resolution process [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/22\/ibbi-discussion-paper-dated-16-02-2026-strengthening-cocs-oversight-and-procedural-clarity-under-the-cirp-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; 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