The first six months of 2026 saw notable decisions on insolvency by the Supreme Court in cases concerning admission of the Corporate Insolvency Resolution Process (CIRP), corporate guarantees, resolution applicants, limitation, licensed spectrum and the relationship between the Insolvency and Bankruptcy Code, 2016 (IBC) and other statutes.
This period coincided with an amendment to the Act which introduced a creditor-initiated insolvency resolution process and new frameworks for group and cross-border insolvency. As the statutory framework evolved, the Court was called upon to answer recurring questions at the heart of the insolvency regime: when can CIRP be initiated, who may participate in the resolution process, what…