IBBI Updates CIRP Regulations: New Form and Fees for RP Form Filings under Rule 40B

IBBI Updates CIRP Regulations: New Form and Fees for RP Form Filings Under Rule 40B The Insolvency and Bankruptcy Board of India (IBBI) has updated its Corporate Insolvency Resolution Process (CIRP) regulations, introducing a new form and revised fees for Resolution Professional (RP) form filings under Rule 40B. These changes aim to streamline the administrative processes for RPs and ensure better compliance and transparency in insolvency proceedings. The update reflects IBBI's ongoing efforts to refine the regulatory framework for insolvency professionals, contributing to the efficiency and integrity of the insolvency ecosystem.