Impact of Amendments in IBC on CIRP and Liquidation Process

The Insolvency and Bankruptcy Code (IBC), since its enactment in 2016, has been the cornerstone of India's corporate rescue and debt resolution architecture. Over the past three years, the Code has undergone a series of significant amendments — introduced through legislative changes, IBBI regulations, and landmark NCLT and NCLAT judgements — that have materially altered how CIRP and liquidation proceedings are initiated, conducted, and concluded. This webinar provides a structured, practitioner-focused examination of those amendments. Sessions will address the tightening of admission timelines, the expanding role and accountability of the Committee of Creditors, revised treatment of operational creditors in the resolution waterfall, and the emerging jurisprudence on pre-packaged insolvency resolutions (PPIRP) for MSMEs. The liquidation framework — including the revised asset realisation sequence, the treatment of secured creditors who opt out of liquidation, and voluntary liquidation under Section 59 — will also be examined in detail. Participants will leave with a working understanding of where the law stands today, how recent rulings have shifted the balance between resolution applicants and creditors, and what practitioners and financial institutions must account for in active matters.