Unpaid Installment Under Settlement Agreement Cannot Trigger Insolvency

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (‘Amendment Act’), which amends the Insolvency and Bankruptcy Code, 2016 (‘Code’), received Presidential assent on April 6, 2026. Most amendments took effect on May 26, 2026. However, three significant mechanisms the accelerated admission deadline, creditor-initiated resolution, and group insolvency have been enacted but have not yet come into force and will take effect only upon the issuance of a commencement notification by the Central Government under the applicable provisions of the Code.

India's Insolvency and Bankruptcy Code undergoes significant reform through the 2026 Amendment Act, introducing stricter timelines, enhanced creditor oversight, and frameworks for group and cross-border insolvency. The amendments address persistent challenges in resolution efficiency, withdrawal restrictions, and fraudulent transaction scrutiny while aligning with international best practices to strengthen investor confidence.

This paper is a comment on this judgment. It critically analyses the decision of the Supreme Court and the impact of the judgment on insolvency law in India.

The Bombay High Court recently addressed a critical question regarding the temporal application of Section 96(4) of the Insolvency and Bankruptcy Code, which removed the interim moratorium protection for personal guarantors of corporate debtors. The ruling clarifies whether this amendment applies only to fresh applications filed after its enactment or extends to insolvency proceedings that were already pending when the law changed. This decision has significant implications for creditors seeking to pursue p

The Hon'ble Supreme Court in its recent decision in Anjali Rathi and Ors. v. Today Homes & Infrastructure Pvt. Ltd. and Ors.

List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims

The present legal framework in India to deal with the Insolvency and Bankruptcy situation is legislated in the provisions of the Insolvency and Bankruptcy Code, 2016 ...

In the regime of insolvency and bankruptcy law in India, the question of when and how the liabilities of Personal Guarantors crystallize has become increasingly significant.

For nearly eight years, the Insolvency and Bankruptcy Code, 2016 (IBC) carried within it a quiet contradiction. On the one hand, it was designed to be a serious, time-bound, collective resolution mechanism and a creditor-driven process. On the other hand, it contained Section 12A, a provision that became one of the most strategically exploited exits in Indian commercial law.

The Supreme Court of India last week delivered a landmark Judgment in the matter of State Bank of India & Ors. vs. The Consortium of Mr. Murarilal Jalan and Mr. Florian Fritsch & Anr...

The Supreme Court vide its recent order dated September 17, 2026 (“Order”) in the matter of Ayesha Jain v. Amity University, Noida & Ors., [W.P. (C) No. 531/2025] came down heavily on the manner of operation of universities and issued a series of stringent directions requiring greater disclosure by universities, including with respect to their finances, admissions, staffing, grievance redressal and regulatory compliance

The Delhi High Court, in ANI Media Pvt. Ltd. v. OpenAI OpCo LLC, has delivered India's first significant ruling on the application of copyright law to the training and functioning of large language models ("LLMs").

India's labour law landscape underwent a significant transformation on November 21, 2025 with the Ministry of Labour and Employment bringing into force 4 new labour codes ...

The State Through Central Bureau of Investigation vs T. Gangi Reddy @ Yerra Gangi Reddy CRIMINAL APPEAL NO. 37 OF 2023

Publicity rights play an important role in India based on the culture of celebrity worship and the importance of the name, image, and likeness of sports, television and media personalities, political figures, musicians, etc.

India has slowly moved away from the 29 central labour legislations with consolidation and introduction of the four Labour Codes (which came into force on November 21, 2025) with the objective of modernising and simplifying the regulatory landscape.

India is witnessing a growing debate on whether children should have unrestricted access to social media. Concerns relating to mental health, cyberbullying, addictive online behaviour and harmful content have prompted discussions on introducing age-based restrictions for minors.

On September 16, 2026, the Union Cabinet approved the proposal of the Ministry of Labour & Employment (“L&E Ministry”) to increase the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation ("EPFO") from INR 15,000 per month to INR 25,000 per month (“Amendment”).

The Ministry of Electronics and Information Technology ("MEIT") along with the Indian Computer Emergency Response Team ("CERT") vide Notification No. 20(3)/2022-CERT-In...

The Ministry of Electronics and Information Technology ("MeitY") has notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2026 ("IT Amendment Rules 2026") on 10 February 2026, effective from 20 February 2026.