NEW DELHI: On April 6, 2026, the President of India gave assent to the Insolvency and Bankruptcy Code (Amendment) Act, 2026–No. 6 of 2026–and the legislation was published in the Gazette of India. A decade after the original IBC was enacted in 2016, Parliament has approved what practitioners call the most comprehensive rewrite of the code since its founding amendments.The Act amends 72 sections and inserts new frameworks: a creditor-initiated insolvency resolution process, a statutory group insolvency architecture, enabling provisions for cross-border insolvency and a new voluntary liquidation termination window. It also tightens admission timelines, rewrites the liquidation process and introduces stiff new penalties for misuse of…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
