Home India Insolvency and Bankruptcy Board of India In exercise of the powers conferred by sections 196, 210, 21...
Date: 2026-06-02 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sections 196, 210, 213, 214, 215 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India

Issued by Insolvency and Bankruptcy Board of India · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2026, amends the principal 2017 regulations to streamline the authentication of default and reporting formats. Effective from their date of publication in the Official Gazette (June 1, 2026), these regulations replace fixed statutory forms with formats to be notified by the Board via circulars. Key updates include a defined process for recording "Information of Dispute" and specific provisions for partial disputes involving financial institutions. **Key Points / Main Content** **Procedural and Formatting Changes** * **Replacement of Forms:** References to "Form A," "Form B," "Form C," and "Form D" in the Schedule are replaced with "such format as notified by the Board through circular." * **Omission of Schedule:** The "Schedule" following regulation 42 of the principal regulations is entirely omitted. * **Notification Method:** The Board will now use circulars to specify the format for information submission and authentication of default. **Definitions and Scope** * **Information of Dispute:** This term is newly defined as the status of authentication of default issued in the format notified by the Board. * **Debtor Clarification:** An explanation is added to clarify that "debtor" includes "corporate debtor" unless the context requires otherwise. * **Financial Institutions:** Terminology is updated to align with Section 3(14) of the Code, replacing specific references to banks in the Reserve Bank of India Act. **Authentication of Default Status** * **Recording Status:** Information Utilities (IUs) must record the status of default based on the debtor's response as follows: * **Authenticated (Record of Default):** If the debtor confirms the default or fails to respond after three reminders. * **Disputed (Information of Dispute):** If the debtor disputes the default. * **Partial Disputes:** For financial institutions, if a debtor disputes only a portion of the default amount or provides a dispute regarding non-financial information, the IU must record the undisputed amount as "authenticated." **Impact Analysis** **Information Utilities (IUs)** **Impact** IUs are now required to issue "Information of Dispute" records and must manage a more nuanced authentication process, especially regarding partial disputes and three-reminder protocols. **Action Required** IUs must update their systems to align with new formats notified via Board circulars and implement the new status recording table for "Authenticated" vs "Disputed" records. **Financial Creditors / Financial Institutions** **Impact** The process for authenticating defaults is refined. For partial disputes, creditors benefit from the "authenticated" status being applied to the undisputed portion of the debt. **Action Required** Financial creditors must ensure that default information is submitted using the new Board-notified formats and monitor the three-reminder window for debtor responses. **Debtors (including Corporate Debtors)** **Impact** The failure to respond to three reminders from an IU will now lead to an automatic "Authenticated" status of default. **Action Required** Debtors must proactively respond to IU notifications or issue formal disputes within the reminder period to prevent a "Record of Default" from being finalized.

Key Entities Referenced

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2026: The primary policy document introduced to amend existing rules regarding how information utilities handle authentication of defaults and disputes. Insolvency and Bankruptcy Board of India: The primary regulator responsible for the implementation of the Insolvency and Bankruptcy Code and the author of these regulations. Insolvency and Bankruptcy Code, 2016: The parent act that provides the statutory framework and authority (specifically under section 240) for these regulations. Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017: The principal regulations being amended to update definitions, reporting formats, and procedures for information utilities.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03062026-273084 xxxGIDHxxx CG-DL-E-03062026-273084 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 365] नई दिल्ली, मगं लवार, िनू 2, 2026/ज्य ष्े ि 12, 1948 No. 365] NEW DELHI, TUESDAY, JUNE 2, 2026/JYAISTHA 12, 1948 भारतीय दिवाला और िोधन अक्षमता बोड ड अजधसचू ना नई दिल्ली, 1 िून, 2026 भारतीय दिवाला और िोधन अक्षमता बोडड (इनफॉरमिे न यटू िजलिी) (सिं ोधन) जवजनयम, 2026 फा. स.ं आई.बी.बी.आई./2026-27/िी.एन./आर.ई.िी.146.—भारतीय दिवाला और िोधन अक्षमता बोड,ड दिवाला और िोधन अक्षमता संजिता, 2016 (2016 का 31) की धारा 240 के साथ पटित धारा 196, 210, 213, 214 और 215 द्वारा प्रित्त िजियों का प्रयोग करते हुए, भारतीय दिवाला और िोधन अक्षमता बोडड (इनफॉरमेिन यूटिजलिी) जवजनयम, 2017 का और संिोधन करने के जलए जनम्नजलजखत जवजनयम बनाता ि,ै अथातड ्: - 1. (1) इन जवजनयमों का संजक्षप्त नाम भारतीय दिवाला और िोधन अक्षमता बोडड (इनफॉरमेिन यूटिजलिी) (संिोधन) जवजनयम, 2026 ि ै। (2) य ेरािपत्र में उनके प्रकािन की तारीख को प्रवृत्त िोंगे । 2. भारतीय दिवाला और िोधन अक्षमता बोड ड(इनफॉरमेिन यूटिजलिी) जवजनयम, 2017 (जिन्ि ेंइसमें इसके पश्चात ्‘मूल जवजनयम’ किा गया ि)ै के जवजनयम 2 म,ें (i) उप-जवजनयम (1) म ें - (क) खंड (िक) में, “अनुसूची के प्ररूप घ म”ें िब्िों के स्ट्थान पर “ऐसे प्ररूप में, िो बोडड द्वारा पटरपत्र के माध्यम स े 3950 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] अजधसूजचत दकया िाए” िब्ि रखे िाएंगे । (ख) खंड (िक) के पश्चात,् जनम्नजलजखत खंड अंतःस्ट्थाजपत दकया िाएगा, अथातड ्:- “(िख) “जववाि की सूचना” से ऐसे प्ररूप म,ें िो बोड डद्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए, िारी दकए गए चूक के प्रमाणन की जस्ट्थजत अजभप्रेत ि;ै ” (ग) खंड (त) का लोप दकया िाएगा । (ii) उप-जवजनयम (2) के पश्चात,् जनम्नजलजखत स्ट्पष्टीकरण अतं ःस्ट्थाजपत दकया िाएगा, अथाडत्:- “स्ट्पष्टीकरणः इन जवजनयमों के प्रयोिनाथड, िब तक दक संिभड से अन्यथा अपेजक्षत न िो, ‘ऋणी’ पि के प्रजत जनिेि में ‘कारपोरेि ऋणी’ िाजमल िोगा ।” 3. मलू जवजनयमों के जवजनयम 4 में, (क) उप-जवजनयम (1) म,ें “अनुसूची के प्ररूप क में” िब्िों के स्ट्थान पर “ऐसे प्ररूप में, िो बोड ड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रखे िाएंग े । (ख) उप-जवजनयम (2) म,ें “अनुसूची के प्ररूप क में” िब्िों के स्ट्थान पर “ऐसे प्ररूप में, िो बोड ड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रखे िाएंग े । 4. मलू जवजनयमों के जवजनयम 5 के उप-जवजनयम (4) के खडं (ङ) म,ें “अनुसूची के प्ररूप ख में” िब्िों के स्ट्थान पर “ऐस ेप्ररूप म,ें िो बोड डद्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रख ेिाएंगे । 5. मलू जवजनयमों के जवजनयम 15 के उप-जवजनयम (3) के खडं (खक) में, - (क) मि (ii) में, अतं म ेंआने वाले “और” िब्ि का लोप दकया िाएगा; (ख) मि (iii) म,ें अंत में आन े वाले “।” जवराम जचह्न के स्ट्थान पर “;और” िब्ि और जचह्न रखे िाएंगे । (ग) मि (iii) के पश्चात,् जनम्नजलजखत मि अंतःस्ट्थाजपत की िाएगी, अथातड ्:- “(iv) जववाि की सूचना का िारी दकया िाना ।” 6. मूल जवजनयमों के जवजनयम 20 के उप-जवजनयम (1) म ें“अनसु ूची के प्ररूप ग में” िब्िों के स्ट्थान पर “ऐसे प्ररूप म,ें िो बोड ड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रखे िाएंगे । 7. मलू जवजनयमों के जवजनयम 21 में, (i) उप-जवजनयम (2) के खंड (ग) के उप—खंड (iii) म,ें - (क) “अनुसूची के प्ररूप ग म”ें िब्िों के स्ट्थान पर “ऐसे प्ररूप म,ें िो बोडड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रख ेिाएंगे । (ख) मि (क) के स्ट्थान पर जनम्नजलजखत रखी िाएगी, अथातड ्:- “(क) ऐसे जवत्तीय लने िार द्वारा, िो संजिता की धारा 3 के खंड (14) म ें यथा-पटरभाजित एक जवत्तीय संस्ट्था ि;ै” (ii) उप-जवजनयम (3) के स्ट्थान पर जनम्नजलजखत रखा िाएगा, अथाडत्:- “(3) उप-जवजनयम (2) के अधीन प्रदिया के परू ा िोन ेपर, इनफॉरमेिन यूटिजलिी चूक की िानकारी के प्रमाणन की[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 जस्ट्थजत नीचे िी गई सारणी म ेंउपिर्िडत रूप म ेंअजभजलजखत करेगीः सारणी िम ऋणी का प्रत्यत्तु र जस्ट्थजत िारी दकए िान े वाल े अजभलखे की स.ं प्रकृजत (1) (2) (3) (4) 1 (क) ऋणी चूक की सूचना की पुजष्ट करता ि ै प्रमाजणत चूक का अजभलेख या ऋणी तीन अनुस्ट्मारकों के पश्चात् भी कोई प्रत्युत्तर निीं िते ा ि ै 2 ऋणी चूक की सूचना को जववादित करता ि ै जववादित जववाि की सूचना परन्त ुसंजिता की धारा 3 के खडं (14) म ेंयथा-पटरभाजित जवत्तीय संस्ट्था की ििा म,ें िब कोई ऋणी चूक की रकम के एक भाग को जववादित करता ि ै या ऐसा जववाि कोई गैर-जवत्तीय िानकारी की बाबत ि ै तब इनफॉरमेिन यूटिजलिी अजववादित चूक रकम की बाबत प्रमाणन की जस्ट्थजत को ‘प्रमाजणत’ के रूप में लेखबद्ध करेगा ।” (iii) उप-जवजनयम (4) म,ें (क) “यथाजस्ट्थजत, सारणी 1 या सारणी 2 के स्ट्तंभ (4) म ें यथा-उपिर्िडत सुसंगत रंग को” िब्िों का लोप दकया िाएगा; (ख) “अनुसूची के प्ररूप घ म ें चूक का अजभलेख” िब्िों के स्ट्थान पर “ऊपर सारणी के स्ट्तंभ (4) म ें यथा-उपिर्िडत चूक का अजभलेख या जववाि की सूचना, ऐसे प्ररूप में, िैसा बोडड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रख ेिाएंग े । 8. मलू जवजनयमों के जवजनयम 21क में, (i) िीिडक में, “चूक का अजभलेख” िब्िों के स्ट्थान पर, “चूक का अजभलेख या जववाि की सूचना” िब्ि रखे िाएंग े (ii) उप-जवजनयम (1) म ें “अनुसूची के प्ररूप घ में” िब्िों के स्ट्थान पर “ऐसे प्ररूप म,ें िो बोड ड द्वारा पटरपत्र के माध्यम से अजधसूजचत दकया िाए” िब्ि रखे िाएगं े । (iii) उप-जवजनयम (3) म,ें (क) “भारतीय टरिवड बैंक अजधजनयम, 1934 की िसू री अनुसूची में सजममजलत बैंक” िब्िों के स्ट्थान पर “संजिता की धारा 3 के खडं (14) म ेंयथा-पटरभाजित जवत्तीय संस्ट्थाएं” िब्ि रख ेिाएंग े । (ख) “ ‘जववादित’ रूप म ें प्रमाणन की प्राजस्ट्थजत वाली चूक का अजभलेख” िब्िों के स्ट्थान पर “जववाि की सूचना” िब्ि रख ेिाएंग े । 9. मूल जवजनयमों के जवजनयम 27 के उप-जवजनयम (1) में “अनुसूची के प्ररूप ग म”ें िब्िों के स्ट्थान पर “ऐसे प्ररूप म,ें िो बोडड द्वारा पटरपत्र के माध्यम स ेअजधसूजचत दकया िाए” िब्ि रखे िाएंग े । 10. मलू जवजनयमों म,ें जवजनयम 42 के पश्चात ् “अनुसूची” का लोप दकया िाएगा । रजव जमत्तल, अध्यक्ष [जवज्ञापन-III/4/असा./135/2026-27] टिप्पण: भारतीय दिवाला और िोधन अक्षमता बोड ड (इनफॉरमेिन यूटिजलिी) जवजनयम, 2017, भारत के रािपत्र, असाधारण, भाग 3, खंड 4, सं. 129 म ें तारीख 31 माचड, 2017 को अजधसूचना सं. आई.बी.बी.आई./2016- 17/िी.एन./आर.ई.िी.009, तारीख 31 माचड, 2017 द्वारा प्रकाजित दकए गए थ ेऔर उनम ेंअंजतम संिोधन भारत के रािपत्र, असाधारण, भाग 3, खडं 4, सं. 616 म ें तारीख 13 अगस्ट्त, 2024 को अजधसूचना सं.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] आई.बी.बी.आई./2024-25/िी.एन./आर.ई.िी.114, तारीख 13 अगस्ट्त, 2024 द्वारा प्रकाजित भारतीय दिवाला और िोधन अक्षमता बोड ड(इनफॉरमेिन यूटिजलिी) (संिोधन) जवजनयम, 2024 द्वारा दकया गया था। INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 1st June, 2026 Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2026 F. No. IBBI/2026-27/GN/REG146.— In exercise of the powers conferred by sections 196, 210, 213, 214, 215 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 further to amend the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (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 (Information Utilities) Regulations, 2017, (hereinafter referred to as ‘the principal regulations’), in regulation 2, (i) in sub-regulation (1)- (a) in clause (la), for the words “Form D of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. (b) after clause (la), the following clause shall be inserted, namely:- “(lb) “Information of dispute” means the status of authentication of default issued in such format as notified by the Board through circular;” (c) clause (p) shall be omitted. (ii) after sub-regulation (2), the following explanation shall be inserted, namely:- “Explanation: For the purpose of these regulations, unless the context otherwise requires, reference to the term ‘debtor’ shall include ‘corporate debtor’.” 3. In the principal regulations, in regulation 4, (a) in sub-regulation (1), for the words “Form A of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. (b) in sub-regulation (2), for the words “Form A of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. 4. In the principal regulations, in regulation 5, in sub-regulation (4), in clause (e), for the words “Form B of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. 5. In the principal regulations, in regulation 15, in sub-regulation (3), in clause (ba),- (a) in item (ii), the word “and” occurring at the end, shall be omitted; (b) in item (iii), for the punctuation mark “.” occurring at the end, the words and punctuation mark “ ; and” shall be substituted; (c) after item (iii), the following item shall be inserted, namely:- “ (iv) issuance of information of dispute.” 6. In the principal regulations, in regulation 20, in sub-regulation (1), for the words “Form C of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. 7. In the principal regulations, in regulation 21, (i) in sub-regulation (2), in clause (c), in sub-clause (iii), - (a) for the words “Form C of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. (b) for item (A), the following shall be substituted, namely:—[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5 “(A) by a financial creditor, which is a financial institution as defined in clause (14) of section 3 of the Code;” (ii) for sub-regulation (3) the following shall be substituted, namely:— “(3) On completion of the process under sub-regulation (2), the information utility shall record the status of authentication of information of default as indicated in the table below: TABLE SI. Response of the Debtor Status Nature of Record to be No. issued (1) (2) (3) (4) 1 (a) Debtor confirms the information of Authenticated Record of Default default, or (b) Debtor does not respond even after three reminders 2 Debtor disputes the information of Disputed Information of Dispute default Provided that in case of financial institution as defined in clause (14) of section 3 of the Code, when a debtor disputes a part of the default amount or such dispute is in respect of only non-financial information, then the information utility shall record the status of authentication as ‘authenticated’ in respect of the undisputed default amount.” (iii) in sub-regulation (4), (a) the words “of the relevant colour, as indicated in column (4) of the Tables 1 or 2, as the case may be,” shall be omitted. (b) for the words “a record of default in Form D of the Schedule”, the words “a record of default or information of dispute in such format as notified by the Board through circular, as indicated in column (4) of the Table, above,” shall be substituted. 8. In the principal regulations, in regulation 21A, (i) in the heading, for the words “a record of default”, the words “a record of default or information of dispute” shall be substituted. (ii) in sub-regulation (1), for the words “Form D of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. (iii) in sub-regulation (3), (a) for the words “banks included in the second schedule of the Reserve Bank of India Act, 1934”, the words “financial institutions as defined in clause (14) of section 3 of the Code” shall be substituted; (b) for the words “a record of default with the status of authentication as ‘disputed’”, the words “information of dispute” shall be substituted; 9. In the principal regulations, in regulation 27, in sub-regulation (1) for the words “Form C of the Schedule”, the words “such format as notified by the Board through circular” shall be substituted. 10. In the principal regulations, “SCHEDULE” after regulation 42 shall be omitted. RAVI MITAL, Chairperson [ADVT.-III/4/Exty./135/2026-27] Note: The Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 were published vide notification No. IBBI/2016-17/GN/REG009 dated 31st March, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 129 on 31st March, 2017 and were last amended by the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2024 published vide notification No. IBBI/2024- 25/GN/REG114, dated the 13th August, 2024 in the Gazette of India, Extraordinary, Part III, Section 4, No. 616 on 13th August, 2024. 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.

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