New Delhi, Feb. 21 -- The Insolvency and Bankruptcy Board of India (IBBI) has proposed a series of amendments to insolvency regulations aimed at enhancing transparency in resolution plan approvals, addressing gaps in insolvency cost disclosures, and streamlining the treatment of delayed claims.

In a discussion paper, the regulator emphasised that while the commercial wisdom of the Committee of Creditors (CoC) remains paramount, certain evaluation parameters should be formally recorded in CoC meetings during the approval of resolution plans.

Structured Evaluation of Resolution Plans The IBBI suggested that factors such as expected recovery vis-a-vis liquidation value, fair market value, and the credibility and track record of resolution ...