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The IBC (Amendment) Act, 2026 represents one of the most significant overhauls to India's insolvency framework since its inception, introducing sweeping changes across multiple dimensions. From mandatory admission of default applications to new frameworks for creditor-initiated processes, group insolvency, and cross-border cases, these reforms fundamentally reshape the insolvency ecosystem.

NCLAT has for the first time considered the issue of parallel insolvency proceedings against the same entity across multiple jurisdictions, in its decision dated September 26, 2019 (‘Order')