Executive Summary: The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (enacted April 2026) implements a series of extensive reforms to India’s corporate insolvency regime. Building on the IBC 2016 framework and prior amendments, the new Act introduces creditor-driven mechanisms (notably a Creditor-Initiated Insolvency Resolution Process, CIIRP), strengthens creditor and Committee of Creditors (CoC) powers, tightens timelines, and broadens scope (e.g. for group and cross-border insolvency). Key changes include mandatory admission of petitions when default is proved, expansion of the “look-back” period for avoidance transactions to two years, removal of fast-track insolvency for small firms, and penalties for frivolous cases….
Insolvency Guardian
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