Central Government appointed whole-time members of IBBI, including M. S. Sahoo, Navrang Saini, and Mukulita Vijayawargiya, for specified terms or until age 65.

Central Government notified 1 April 2017 as the commencement date for provisions including voluntary liquidation (Section 59), information utilities, and cross-border insolvency under the Insolvency and Bankruptcy Code, 2016.

Central Government notified 15 December 2016 as the commencement date for Sections 33–54 of the Insolvency and Bankruptcy Code, covering liquidation provisions.

Central Government designated benches of the National Company Law Tribunal as Adjudicating Authorities under Part II of the Insolvency and Bankruptcy Code, 2016, effective 1 December 2016.

Central Government notified 1 December 2016 as the commencement date for key IBC provisions, including CIRP framework, adjudication, offences, and powers of authorities.

Central Government notified 15 November 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, including sections on insolvency professionals, agencies, and related regulatory framework.

Central Government notified 1 November 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, including definitions, powers of IBBI, and related regulatory sections.

Central Government appointed Madhu Sudan Sahoo as Chairperson of IBBI from 1 October 2016 for five years or until age 65, whichever earlier.

Central Government appointed ex-officio members of IBBI under Section 189, including nominees from Finance, MCA, Law Ministry, and RBI, effective until further orders.

Central Government notified rules governing salary, allowances, and service conditions of IBBI Chairperson and members, including pay structure, leave, benefits, and restrictions on employment.

Central Government notified 19 August 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, including key sections on definitions, powers, and regulations.

Central Government notified 5 August 2016 as the commencement date for Sections 188 to 194 of the Insolvency and Bankruptcy Code, 2016.

Central Government constituted NCLT and NCLAT under the Companies Act, 2013, effective 1 June 2016, to exercise adjudicatory and appellate functions in company law matters

IBBI introduced electronic PGIRP forms (PGIRP-1 to PGIRP-6) for personal guarantor insolvency processes, mandating timely online filing, enabling modification, and easing compliance with penalties applicable after 30 June 2026.

IBBI introduced revised electronic LIQ forms (LIQ-1 to LIQ-4) effective January 2026, simplifying reporting, enabling modification of filings, discontinuing old forms, and waiving penalties during the initial quarter.

IBBI mandated inclusion of beneficial ownership statement and Section 32A eligibility affidavit in resolution plans, requiring RPs to ensure their submission to CoC and Adjudicating Authority.

IBBI introduced a modification utility for CP forms and imposed a ₹500 per month delay fee for late filings after 31 December 2025 under Regulation 40B.

IBBI directed RPs to present a detailed Section 29A compliance note to CoC and record deliberations, strengthening due diligence and transparency in resolution plan evaluation.

IBBI advised IPs to seek restitution of ED-attached assets under PMLA via Special Courts, with a standard undertaking ensuring proper use, disclosure, reporting, and cooperation with authorities.

IBBI withdrew the requirement of filing Form IP-1 for all processes, following introduction of the Assignment Module and new CIRP forms framework (CP-1 to CP-5).