India: Insolvency/Bankruptcy/Re-Structuring

The IBC (Amendment) Act, 2026 represents one of the most significant overhauls to India's insolvency framework since its inception, introducing sweeping changes across multiple dimensions. From mandatory admission of default applications to new frameworks for creditor-initiated processes, group insolvency, and cross-border cases, these reforms fundamentally reshape the insolvency ecosystem.

The SC in the case of S. Rajendran v. CIT[1] held that an attachment Order passed under the Benami Properties Transactions Act, 1988 (‘Benami Act’) cannot be challenged under the IBC.

The National Company Law Appellate Tribunal delivered a landmark ruling on whether credit facilities restructured under RBI guidelines retain their secured status during liquidation proceedings without corresponding modification of charge registration. The judgment addresses the complex interplay between corporate debt restructuring, charge registration requirements under company law, and the insolvency resolution framework, establishing critical precedents for consortium lending practices.

Nearly a decade after the Insolvency and Bankruptcy Code, 2016 ("IBC") came into force, the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, received the assent of the President of India on 6th April 2026...

There is one important question: can a stock exchange freeze a company's demat account after insolvency proceedings have started?

The IBC (Amendment) Act, 2026 represents one of the most significant overhauls to India's insolvency framework since its inception, introducing sweeping changes across multiple dimensions. From mandatory admission of default applications to new frameworks for creditor-initiated processes, group insolvency, and cross-border cases, these reforms fundamentally reshape the insolvency ecosystem.