Insolvency And Bankruptcy Code

Budget 2026-27: FM Nirmala Sitharaman for 'a lot more on disinvestment'

Says IBC amendment Bill will come up in second half of Budget session

Insolvency tribunals may take 10 years to dispose of existing cases: Survey

The Economic Survey warns India's insolvency tribunals could take nearly a decade to clear pending cases, flagging long delays as a key risk to the IBC regime

IBC transformed insolvency landscape, but challenges remain: DFS secretary

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday. "Despite these achievements, several challenges still remain, which include timelines of resolutions and liquidations, resulting in value deterioration, low realisations to creditors and capacity constraints at National Company Law Tribunal (NCLT)," he said while addressing an event organised by IBBI and Insol India. The seventh amendment -- IBC Amendment Bill 2025, as recommended by the select committee, seeks to address some of these key challenges relating to delays in resolution and liquidation and low recovery rates, he said. "The bill also proposes, inter alia, introduction of provisions on group insolvency process, cross-border insolvency and the ...

The Great Revival: A book that captures the CG Power turnaround story

How an out-of-the-box approach helped the company come back from bankruptcy

Section 29A and the cost of treating business failure as misconduct

The IBC must not conflate business failure with malfeasance, or an unfortunate entrepreneur with a fraudulent one

Corporate ministry seeks Cabinet approval for 50 more NCLT courts

The Supreme Court, in one of its judgments, had said that a shortfall of members and the lack of requisite strength has led to tribunals only sitting for a few days of the week or a few hours in a day

Need clear timelines for NCLAT to dispose of appeals: Panel on IBC Bill

A parliamentary select committee has flagged the absence of timelines for the NCLAT in the IBC Amendment Bill, 2025, and proposed a three-month statutory deadline to curb appellate delays

Embassy Developments sent to insolvency by NCLT; firm challenges order

The NCLT, in its order earlier this week, admitted Canara Bank's plea to initiate insolvency proceedings against Embassy Developments Ltd

IL&FS to move NCLT to recover ₹187 crore excess pay from ex-directors

The IL&FS Group will initiate before insolvency tribunal NCLT the process to recover Rs 187 crore excess remuneration paid to its former directors and two subsidiaries, who have refused to return the excess managerial remuneration, according to the latest affidavit filed by the debt-ridden firm before NCLAT. Moreover, IL&FS is also going to reopen the financial statements for 2018-19 and 2019-20. It has received approval from NCLT for incorporating impacts arising from the recast financial statements. "Such revised financial statements for FY 2018-19 have been prepared and are being audited by statutory auditors appointed by NCLT. The revised financial statements will be finalised before the end of 31st December 2025," the IL&FS Group said. Last year, books of accounts and financial statements of IL&FS and its two subsidiaries -- IFIN and ITNL -- were recast on the directions of the National Company Law Tribunal (NCLT) for five years -- FY 2013-14 to FY 2017-18 -- and .

S&P upgrades rating for India's insolvency regime as IBC lifts recoveries

System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency

Parl panel gets more time to report on insolvency, Jan Vishwas bills

Two select committees were on Monday granted more time by the Lok Sabha to submit their reports on the insolvency law and Jan Vishwas provisions amendment bills. The matters were taken up amid Opposition din over the issue of Special Intensive Revision (SIR) of electoral rolls. The House has allowed time till the last day of the Winter session for a select committee to present its report on the Insolvency & Bankruptcy Code (Amendment) Bill, 2025. The bill was referred to the committee on August 12 immediately after introduction in the Lower House. The bill seeks to amend the insolvency law, proposing a raft of amendments, including an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. On Monday, Lok Sabha also gave time up to the last day of the second week of the Winter session for another select committee to present its report on the Jan Vishwas (Amendment of Provisions) Bill, 2025. The government had introduced the bill on

Haircuts touch 67% under IBC as creditor recovery stays low till Sep 2025

Creditor recoveries under the Insolvency and Bankruptcy Code remained at about 33% till September 2025, with steep haircuts, long resolution timelines and a high share of older BIFR cases

IBBI proposes uniform, detailed formats for valuation of assets under IBC

IBBI proposes uniform valuation norms, broader fair value definition and single-valuer option for smaller debtors to cut disputes, streamline IBC processes and maximise creditor recoveries

IBBI asks resolution professionals to file detailed 29A notes before CoC

IBBI has asked resolution professionals to place detailed Section 29A compliance notes before CoCs, stressing due diligence and transparency to reduce legal challenges in insolvency cases

NCLAT overturns NCLT move disqualifying JC World Hospitality promoters

Insolvency appellate tribunal NCLAT has set aside NCLT orders, which had declared promoters of JC World Hospitality ineligible to submit their resolution plan under Section 29A of the IBC. NCLAT said the NCLT "in a callous manner without looking into materials on record" have come to the conclusion that the promoters are disqualified, which is perverse and unsustainable. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has revived the application filed by RP of JC World Hospitality before the Delhi bench of NCLT seeking approval for bids submitted by promoters and take a decision within three months. The application "filed by the RP for approval of the Resolution Plan of the SRA (promoters) is revived before the adjudicating authority (NCLT) for passing an appropriate order in the plan approval application." It further said, "The plan approval application has been pending for about four years. We are of the view that the adjudicating authority shall endeavo

Ronnie Screwvala's Upgrad enters race to buy assets of Byju's parent

Ronnie Screwvala-led Upgrad has submitted an EoI to buy Think & Learn, Byju's bankrupt parent, including K12 business, Aakash, Great Learning and other assets

IBBI proposes bidders disclose beneficial ownership in their entities

The insolvency regulator has proposed mandatory beneficial ownership disclosures by bidders under the Insolvency and Bankruptcy Code to improve due diligence and prevent misuse of Section 32A immunity

IBC vs PMLA: Resolution professionals hope for timely resolution

The IBBI circular allows resolution professionals to seek restitution of assets attached under PMLA, but experts say its success depends on timely court orders and clear legal backing

NCLT admits insolvency case against EV firm Blu-Smart Mobility Tech

The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the debt-ridden company which was providing all-electric ride-hailing services and building a network of EV charging infrastructure in India. The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart Mobility over an unpaid amount of Rs 5.84 crore, and appointed Pawan Kumar Goyal as the interim resolution professional, suspending the board of the company. A two-member bench said there is an operational debt, which has been defaulted by Blu-Smart Mobility, and its operational creditor is entitled to recover it. "The respondent/corporate debtor Blu-Smart Mobility Pvt Ltd is admitted in the Corporate Insolvency Resolution process under section 9(5) of the code," it said. Moreover, the NCLT also placed Blu-Smart Mobility Tech under the protection of a moratorium as per the provisions of the Insolvency & Bankruptcy ..

IBBI and ED reach solution on insolvency law and PMLA interface issues

The Insolvency and Bankruptcy Board and the Enforcement Directorate have arrived at a solution to address the problem related to the interface between the insolvency law and the PMLA in resolving stressed assets. "I hope that in a month or two, we should be able to issue a circular as to how to go about it so as to solve the problem," Insolvency and Bankruptcy Board of India (IBBI) Chairperson Ravi Mital said on Wednesday. There have been issues in resolution of certain cases under the Insolvency and Bankruptcy Code (IBC) where there have been suspected assets involving black money. Under the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate (ED) can attach such assets. The IBC provides a moratorium on assets of an entity undergoing insolvency resolution process. "There is a problem in the interface between the IBC and the PMLA. There is a case pending in the Supreme Court and we faced problems in some cases. So we have had discussions with ED and we have arrive