Insolvency And Bankruptcy Code

The National Company Law Tribunal (NCLT) approved 78 resolution plans involving a total amount of Rs 5,517.66 crore in the three months ended June. It also marked the "highest-ever first quarter performance in terms of approval of resolution plans since the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC)," the tribunal said in a report. The IBC provides for time-bound and market-linked resolution of stressed assets and the final resolution is approved by the tribunal. In the June quarter, the tribunal cleared 78 resolution plans that involved a total amount of Rs 5,517.66 crore, the report said. Till June 30 this year, the tribunal has given its nod for 1,628 resolution plans, involving an aggregate approved value of over Rs 4.78 lakh crore. "As on June 30, 2026, 349 applications seeking approval of resolution plans continued to remain pending before different benches of the NCLT, while 38 matters had already been heard and reserved for orders," the report on its websi

The Reliance Infrastructure subsidiary has signed a debt restructuring agreement with NARCL, reducing its debt by over Rs 1,100 crore and paving the way for the withdrawal of insolvency proceedings

The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings

Draft changes follow IBC Amendment Act, 2026, and aim to plug gaps in insolvency regulations

Creditors filed a winding-up petition after debt-restructuring talks collapsed; Udaan says the proceedings are limited

The panel, chaired by former Sebi whole-time member Ananta Barua, will review the regulatory framework, net-worth requirements and measures to strengthen debenture trustees' role

Pune-based developer Mantra Group has won the stalled Worli project through the insolvency resolution process, marking its third acquisition in Mumbai within a year

Industrialist Anil Ambani has approached the appellate tribunal NCLAT, filing an appeal against the initiation of personal insolvency against him by the NCLT over the petition filed by public sector lender SBI. The Mumbai bench of the National Company Law Tribunal had on June 11, admitted a plea filed by the State Bank of India, seeking personal insolvency against Ambani over default of loans by his group firms - Reliance Communications (RCOM) and Reliance Infratel Ltd (RITL). He was the personal guarantor of the loans extended to his group firms. Ambani's petition came for a hearing before a two-member bench comprising Justice Mohd Faiz Alam Khan and Barun Mitra. However, it was adjourned following the request from his lawyer. "Having regard to the request made by Ld. Counsel for the appellant, list this matter on July 10, 2026, before the appropriate bench," said the NCLAT order dated June 24, 2026. SBI had moved an application under section 95 of the Insolvency & Bankruptcy ...

A basic principle of game theory separates the power to divide a pie from the power to choose a slice. The IBC collapses the two

Naseer and his family argued that they had not provided a direct guarantee to the banks, and insolvency proceedings could not be initiated against them

Reliance Infrastructure's plea to review ASM restrictions puts the spotlight on whether insolvency-linked trading curbs protect investors or limit their exit options

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

Today's BS Opinion examines India's deepening water stress, the revised IIP framework, Middle East-linked growth risks, the Quad's evolving strategy, and a review of The Liver Doctor

Taken together, the Indian economy requires some mechanism for stimulating private investment in the real economy

BS Opinion today examines the Insolvency and Bankruptcy Code at 10, decentralisation challenges, evolving consumer behaviour, and the decline in Big Tech platform quality

A decade after the IBC transformed India's debt recovery framework, mounting delays and falling recoveries are testing the reform's effectiveness

The most visible achievement of the IBC has been the market-led resolution of corporate distress

The recent IBC (Amendment) Act, 2026, aims to strengthen the law and improve outcomes

Workshop focused on amended IBC provisions, including group insolvency and cross-border resolution frameworks for stressed assets

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code