The Joint Committee of Parliament on the Corporate Laws (Amendment) Bill, 2026 has recommended that dedicated IBC benches at the National Company Law Tribunal (NCLT) for insolvency cases be constituted as a binding statutory obligation rather than left to administrative discretion, and has doubled the monetary threshold for summary liquidation to Rs 2 crore.
In its report presented to the Lok Sabha on 4rd August, the 31-member panel chaired by Sudheer Gupta recommended substituting the words “may, if he considers appropriate” with “shall” in the proposed sub-section (4A) of Section 419 of the Companies Act, 2013, which Clause 96 of the Bill inserts to empower the NCLT President to constitute special benches. The…