Pre-Packaged Insolvency Resolution Process under Section 54L of the Insolvency and Bankruptcy Code, 2016
BSE notice 20260601-34 · 01 Jun 2026
Official record
Open source pageSummary
Check the official recordBSE notice 20260601-34 · 01 Jun 2026
Official record
Open source pageSummary
Check the official recordListed entities that undergo a Pre-Packaged Insolvency Resolution Process must follow all SEBI Regulations. These entities do not receive the regulatory exemptions that apply to resolution plans under Section 31 of the Insolvency and Bankruptcy Code. The BSE clarifies that the PPIRP framework under Section 54L does not grant these specific exemptions. Listed companies must ensure compliance with all procedural and regulatory requirements.
What you must do
Key dates
Who is affected
Exceptions
[Image omitted. See the official document.]
| Notice No. | 20260601-34 |
|---|---|
| Notice Date | 01 Jun 2026 |
| Category | Circulars Listed Companies |
| Segment | Equity |
| Department | Listing Operations |
| Subject | Pre-Packaged Insolvency Resolution Process under Section 54L of the Insolvency and Bankruptcy Code, 2016 |
| Attachments | No Attachment |
[Image omitted. See the official document.]
Attention is invited to the provisions relating to Pre-Packaged Insolvency Resolution Process (“PPIRP”) under Chapter III-A of the Insolvency and Bankruptcy Code, 2016 (“IBC”).
In this regard, as advised by SEBI, it is clarified that, the exemptions available under various SEBI Regulations in respect of a Resolution Plan approved under Section 31 of the IBC are not available in case of a Resolution Plan approved under Section 54L of the IBC under the PPIRP framework. Accordingly, listed entities undergoing PPIRP shall be required to comply with all applicable procedural and regulatory requirements prescribed under the relevant SEBI Regulations.
The listed companies are advised to take note of the above and ensure compliance of the same.
For and On behalf of
BSE Limited
| Vishal Jhaveri | Janardhan Wagle |
| Deputy Chief Regulatory Officer - Issuer Oversight | Deputy Vice President |
| Listing Compliance | Listing Compliance |