Insolvency And Bankruptcy Code

Best of BS Opinion: State reforms key to improve India's investment climate

From state-level investment reforms and food safety enforcement to next-generation FTAs, corporate living wills and a Tibetan memoir, here are today's top BS Opinion pieces

Corporate 'living wills' can make insolvency rescues more effective

The next frontier of insolvency reforms is preparing companies for distress before it strikes

MCA plans unified tech platform for India's insolvency framework

The Ministry of Corporate Affairs has sought stakeholder feedback on a proposed integrated digital platform to streamline insolvency processes and improve transparency under the IBC

NCLT clears 78 resolution plans involving ₹5,518 cr in June quarter

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

Mumbai Metro One signs NARCL restructuring pact, clears insolvency hurdle

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

Ola Electric faces insolvency petitions from two suppliers over unpaid dues

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

IBBI proposes recovery clarity for guarantors, tighter valuation norms

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

Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default

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

Sebi sets up expert panel to review debenture trustee regulatory framework

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

Mantra Group secures ₹2,000 crore Worli project through NCLT resolution

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

Anil Ambani moves NCLAT against personal insolvency proceedings

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 ...

India's IBC gives lenders too much power, sidelines operational creditors

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

NCLT declares Congress' Naseer Ahmed insolvent over ₹1,455 cr loan default

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

Explained: What happens when IBC-linked stocks face market restrictions

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

NCLT-approved resolution plans under insolvency code decline to 225 in FY26

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

Best of BS Opinion: Water stress, IIP reforms, and the Quad's quandary

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

India's investment slowdown is a fallout of deeper structural shifts

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

Best of BS Opinion: IBC@10, consumer 'value logic', Big Tech's feudalism

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

Decade on, IBC still has miles to go despite stronger framework

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

Rescue, recovery, and reform: IBC's first decade has changed credit culture

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