IBC Amendment 2026: A decisive shift beyond procedural changes

Insolvency and Bankruptcy Code (Amendment) Act, 2026 (“IBC Amendment 2026”) marks the 7th amendment to the Code since inception and first one since 2021. The much-awaited amendment received the assent of the Hon’ble President of India on April 6, 2026, and provisions are to be made effective soon. The passage of the IBC Amendment 2026 marks a decisive moment in the evolution of India’s insolvency framework. It is not just another procedural…

Lawyer and politician Lim Tean declared bankrupt

SINGAPORE: Lawyer and opposition politician Lim Tean has been declared bankrupt, according to a notice published in the government gazette on Friday (Apr 10).  The bankruptcy order was made effective on Apr 2. He will have his bankruptcy estates managed by trustees Lau Chin Huat and Yeo Boon Keong of Technic Inter-Asia. Lim, a veteran lawyer…