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 update but aims to provide a more fundamental shift in the Indian insolvency ecosystem.
Over the past decade, the Code has fundamentally altered credit behaviour and brought more discipline in the economy, but the amendment recognises the need for…