On 6 April 2026, the Insolvency and Bankruptcy Code (Amendment) Act, 2026 received Presidential assent, with the objective of strengthening the credibility, speed, and predictability of the insolvency framework, while carefully balancing the interests of creditors, corporate debtors, and other stakeholders.
This Act primarily amends the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
Section 3 of the IBC is revised to strengthen the institutional framework of insolvency professionals:
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Insertion of Section 3(27A) introduces the definition of “registered valuer” by adopting the meaning assigned under Chapter XVII of the Companies Act, 2013, ensuring uniform valuation standards.
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Insertion of Section 3(31A) defines…