The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from the public on proposed changes to the corporate insolvency resolution process (CIRP) aimed at improving and ensuring the integrity of amendments.

The proposed changes are recording the deliberations of the committee of creditors (CoC) on the elgibility of the resolution applicant, enhancing disclosures of resolution plans as well as invitation and submission of such plans through electronic platforms. This is a parlimentary committee recommendation and follows the success of a similar requirement for the liquidation process.

Judicial pronouncements, stakeholder feedback and practical experiences have informed the requirement of continuous…

Stats released today by The Insolvency Service unveiled a 1% upturn in company insolvencies in July compared to the month before.

Construction, wholesale, retail, accommodation and Food Service topping the table of struggling industries who are responsible for 47% of all company insolvencies.

In 2024, there were 23,872 registered company insolvencies comprising 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments.

The total number of company insolvencies in 2024 was 5% lower than in 2023, which saw the highest annual number since 1993.

The change in total company insolvency numbers in 2024 was mostly…

Proposed changes to a key student loan forgiveness program could lead to thousands of borrowers losing access, institutional lobbyists and student advocates say. In their view, the new policy would unfairly tie an individual’s eligibility for Public Service Loan Forgiveness to the policies of their employer and whether they match with President Trump’s priorities.

Department officials, however, describe the revised regulations as a way to prevent taxpayer dollars from being “improperly provided” to borrowers whose employers are engaging in what they consider “illegal” practices, according to a news release about the rule. These include gender-affirming care; diversity, equity and inclusion programs; supporting…

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Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed.
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India’s Insolvency and Bankruptcy Code (IBC) was designed to streamline the resolution of corporate distress. However, procedural delays and lower recovery for creditors pose some challenges.

Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over…

The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department.