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BANKRUPTCY LAW AMENDMENTS
NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) ActNew Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case ad...- IBBI seeks tighter regulations around personal guarantors, valuation of insolvent firmsPersonal guarantors of struggling companies may lose their interim moratorium protection, as the insolvency regulator proposes changes to p...
- Adani Ports emerges top contender for Karanja Terminal takeoverAdani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port...
- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- Government operationalises amended insolvency law, sets 14-day admission deadline for NCLTOn May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. T...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- Govt plans to rationalise filing framework under companies lawThe Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-frie...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) BillThe Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, replacing the underutilized fast-track process with a new cre...
- IBC reforms: Government moves to fix insolvency delaysET looks at how the proposed amendments to the decade-old law, blamed by critics for causing inordinate delay in the rescue or liquidation ...
- Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolutionA new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and...
- Insolvency and Bankruptcy Code has failed to serve purpose: Opposition members in Lok SabhaOpposition members in the Lok Sabha criticized the Insolvency and Bankruptcy Code, citing its failure to ensure timely resolution of matter...
- IBC tweaks will align Indian laws with global regime: IBBIIndia's insolvency law is set for significant changes. These amendments aim to bring the system in line with global practices. The goal is ...
- ICAI submits suggestions on insolvency law amendments to Parl panelThe panel is examining proposed amendments to the insolvency law. These changes aim to improve processes under the Insolvency and Bankruptc...
- Proposed IBC amendments to expedite resolution of stressed companies: IBBI ChairmanRavi Mital says bankruptcy law changes will speed up stressed company resolutions. Nirmala Sitharaman introduced amendments to the Insolven...
- Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: ExpertsNow, those who were ineligible are barred from being part of any arrangement at the stage of liquidation.
- Lok Sabha passes amendments to Insolvency and Bankruptcy CodeRajya Sabha has already passed the bill and with its passage in the lower house, the Insolvency and Bankruptcy Code is set to be amended.
- View: India's proposals to amend bankruptcy law are bold and necessaryOn Wednesday, the govt said it would amend the 2016 insolvency law, a signature reform of Modi’s first term.
- Identify source of funds for dissenting creditors: IBC AmendmentAccording to the amendments, it is not necessary to disclose ‘liquidation value’ in the information memorandum.
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