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The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduced sub-section (4) into Section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC), excluding personal guarantors to corporate debtors from the protection of the interim moratorium that automatically arises on the filing of an application to initiate insolvency resolution proceedings under Section 94 or Section 95. The amendment, which came into force on 26 May 2026, does not contain any express statement as to whether it applies to pending applications or applications filed after the introduction of Section 96(4).

Traditionally, Global Capability Centres (“GCCs”) in India have been established by multinational corporations (“MNCs”) with their global headquarters outside India. However, as Indian companies expand their international presence, a question arises as to whether they can establish a GCC in India to support their global operations. This article examines the legal feasibility of establishing a GCC by an Indian (headquartered) company and whether such a structure may qualify for incentives under the GCC policies of selected States.

For listed companies, preparing the Business Responsibility and Sustainability Report (BRSR) involves collecting data from multiple departments, consolidating performance indicators and ensuring that disclosures are complete, consistent and finalized within the reporting timeline. Companies must ensure that each disclosure is supported by reliable data, documented calculation methodologies and adequate records, with a clear basis for how the reported figures have been derived and validated. These requirements become particularly relevant as companies prepare for BRSR Core assessment or assurance.