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Retail, food sectors see spike in corporate insolvency

The retail, accommodation and food services sector have seen a spike in corporate insolvency appointments over the last 12 months, in line with industry concerns. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017–18 financial year, while the retail trade sector saw a 19 per…

Insolvency and Bankruptcy Code (Amendment) Act 2026: Explained

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).…

Legal Consequences of Tariffs in Insolvency Process

Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and…