Search: section 60(5)
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August 2026
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InsolvencyIBBI discussion paper of 14 August 2026 proposed guidance for insolvency professionals on fraudulent or malicious initiation of CIRP under section 65; comments closed 24 August
Draft — comments closed 24 AugComments invitedIBBI’s discussion paper dated 14 August 2026 placed a draft circular for comments: nine illustrative indicators that should alert an insolvency professional to fraudulent or malicious initiation of CIRP, and an application to the Adjudicating Authority under section 60(5) read with section 65 where the professional forms that opinion. It was a proposal; the comment period ended on 24 August 2026.
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