Home India Insolvency and Bankruptcy Board of India In exercise of the powers conferred by section 196 read with...
Date: 2026-06-03 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code,

Issued by Insolvency and Bankruptcy Board of India · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

**Executive Summary** The Insolvency and Bankruptcy Board of India (IBBI) notified the (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2026, on June 1, 2026. Effective from the date of publication in the Official Gazette (June 3, 2026), these amendments align service provider definitions with the Insolvency and Bankruptcy Code and replace the fixed "Form A" filing requirement with a flexible format to be notified by the Board. **Key Points / Main Content** **Alignment of Statutory Definitions** * The definitions for "insolvency professional agency," "insolvency professional," "insolvency professional entity," and "information utility" are amended. * These terms now carry the same meaning as assigned to them under clause (31A) of section 3 of the Insolvency and Bankruptcy Code, 2016. **Revision of Filing Formats** * The requirement to file grievances and complaints specifically using "Form A" has been removed from the principal regulations. * Future filings must be submitted in a format as notified by the IBBI. * "Form A," which was previously located after Chapter V of the principal regulations, is officially omitted. **Impact Analysis** **Stakeholder: Complainants and Grievance Filers** **Impact** Filers are no longer permitted to use the static "Form A" for submitting complaints or grievances. **Action Required** Stakeholders must monitor IBBI notifications to identify the newly prescribed format for filing and ensure all future submissions adhere to the updated Board requirements. **Stakeholder: Insolvency Professionals, Agencies, Entities, and Information Utilities** **Impact** The legal definitions governing these stakeholders within the grievance framework are now explicitly linked to the overarching Insolvency and Bankruptcy Code, 2016. **Action Required** These entities must ensure their internal compliance and reporting processes reflect the harmonized definitions and the transition to the new filing format notified by the Board.

Key Entities Referenced

Insolvency and Bankruptcy Board of India (IBBI): The primary regulatory body responsible for overseeing insolvency proceedings in India and the issuer of this notification. Insolvency and Bankruptcy Code, 2016: The principal legislation that provides the legal framework for insolvency and bankruptcy in India and grants the IBBI power to frame regulations. Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2026: The current amending regulations that update the procedure for handling grievances and complaints under the IBC. Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017: The principal regulations being modified to align definitions of service providers and simplify filing formats.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03062026-273116 xxxGIDHxxx CG-DL-E-03062026-273116 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 374] नई दिल्ली, बुधवार, िनू 3, 2026/ज्य ष्े ि 13, 1948 No. 374] NEW DELHI, WEDNESDAY, JUNE 3, 2026/JYAISTHA 13, 1948 भारतीय दिवाला और िोधन अक्षमता बोड ड अजधसचू ना नई दिल्ली, 1 िून, 2026 भारतीय दिवाला और िोधन अक्षमता बोडड (जिकायत और पररवाि जनवारण प्रदिया) (सिं ोधन) जवजनयम, 2026 फा. स.ं आई.बी.बी.आई./2026-27/िी.एन./आर.ई.िी.144.—भारतीय दिवाला और िोधन अक्षमता बोडड, दिवाला और िोधन अक्षमता संजिता, 2016 (2016 का 31) की धारा 240 के साथ परित धारा 196 द्वारा प्रित्त िजियों का प्रयोग करते हुए, भारतीय दिवाला और िोधन अक्षमता बोडड (जिकायत और पररवाि जनवारण प्रदिया) जवजनयम, 2017 का और संिोधन करन े के जलए जनम्नजलजखत जवजनयम बनाता ि,ै अथाडत:् - 1. (1) इन जवजनयमों का संजक्षप्त नाम भारतीय दिवाला और िोधन अक्षमता बोड ड (जिकायत और पररवाि जनवारण प्रदिया) (संिोधन) जवजनयम, 2026 ि ै। (2) य ेरािपत्र म ेंप्रकािन की तारीख को प्रवृत्त िोंग े । 2. भारतीय दिवाला और िोधन अक्षमता बोड ड (जिकायत और पररवाि जनवारण प्रदिया) जवजनयम, 2017 (जिन्ि ें इसमें इसके पश्चात ् मूल जवजनयम किा गया ि)ै के जवजनयम 2 के खंड (झ) में, “से कोई दिवाला वृजत्तक अजभकरण, 3995 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] दिवाला वृजत्तक, दिवाला वृजत्तक इकाई या इंफॉरमेिन यूरिजलिी अजभप्रेत ि”ै िब्िों और जचह्नों के स्ट्थान पर “का विी अथ ड िोगा िो संजिता की धारा 3 के खंड (31क) म ेंदिया गया ि”ै िब्ि रख ेिाएंग े । 3. मूल जवजनयमों के जवजनयम 3 के उप-जवजनयम (3) में, "प्ररूप क में फाइल करेगा” िब्िों के स्ट्थान पर “ऐसे प्ररूप म ें फाइल करेगा, िो बोड डद्वारा अजधसूजचत दकया िाए” िब्ि रखे िाएंगे । 4. मूल जवजनयमों के अध्याय 5 के पश्चात्, प्ररूप क का लोप दकया िाएगा । रजव जमत्तल, अध्यक्ष [जवज्ञापन-III/4/असा./133/2026-27] रिप्पण: भारतीय दिवाला और िोधन अक्षमता बोड ड (जिकायत और पररवाि जनवारण प्रदिया) जवजनयम, 2017, भारत के रािपत्र, असाधारण, भाग 3, खडं 4 सं. 461, तारीख 6 दिसम्बर, 2017 म ेंअजधसूचना सं. आई.बी.बी.आई./2017- 18/िी.एन./आर.ई.िी./21, तारीख 7 दिसम्बर, 2017 द्वारा प्रकाजित दकए गए थे और उनमें अंजतम संिोधन भारत के रािपत्र, असाधारण, भाग 3, खडं 4, सं. 80, तारीख 28 िनवरी, 2025 म ें अजधसूचना सं. आई.बी.बी.आई./2024-25/िी.एन./आर.ई.िी.119, तारीख 29 िनवरी, 2025 द्वारा प्रकाजित भारतीय दिवाला और िोधन अक्षमता बोड ड(जिकायत और पररवाि जनवारण प्रदिया) (संिोधन) जवजनयम, 2025 द्वारा दकए गए थे। INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 1st June, 2026 Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2026 F. No. IBBI/2026-27/GN/REG144.— In exercise of the powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017, (hereinafter referred to as ‘the principal regulations’), in regulation 2, in clause (i), for the words “means an insolvency professional agency, an insolvency professional, an insolvency professional entity or an information utility” the words, marks and numerical “shall have the same meaning as assigned in clause (31A) of section 3 of the Code” shall be substituted. 3. In the principal regulations, in sub-regulation (3) of regulation 3, for the words “Form A”, the words "in such format as notified by the Board” shall be substituted. 4. In the principal regulations, after Chapter V, Form A shall be omitted. RAVI MITAL, Chairperson [ADVT.-III/4/Exty./133/2026-27] Note: The Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 were published vide Notification No. IBBI/2017-18/GN/REG/21 dated 06th December, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 461 dated 07th December, 2017 and were last amended by the IBBI (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2025 published vide Notification No. IBBI/2024-25/GN/REG119, dated the 28th January 2025 in the Gazette of India, Extraordinary, Part III, Section 4, No. 80 on 29th January 2025. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research