Kartika Barsainyan* INTRODUCTION The Insolvency and Bankruptcy Board of India (the “IBBI”), vide the IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2026 (the “Amended Regulations”), has introduced significant changes to the IBBI (Liquidation Process) Regulations, 2016 (the “Principal Regulations”). One major change is the amendment to Regulation 16 of the Principal Regulations (the “Amendment”), governing submission of claims during liquidation. While the IB