Recently, on February 16, 2026, the Insolvency and Bankruptcy Board of India ("IBBI") released a Discussion Paper proposing targeted amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 ("CIRP Regulations") framed under the Insolvency and Bankruptcy Code, 2016 ("IBC"/ "Code").

The Hon'ble Supreme Court of India (SC) delivered a significant judgment dated April 15, 2025 in Cryogas Equipment Private Limited v. Inox India Limited & Others and LNG Express India Private Limited v. Inox India Limited & Others.

The Insolvency and Bankruptcy Code, 2016 ("Code") has always aimed to balance the interests of creditors and debtors while ensuring time-bound resolution of distressed assets.

Before the enactment of Insolvency and Bankruptcy Code, 2016 (Act No. 31 of 2016), there was no single comprehensive law in India dealing with the insolvency and bankruptcy of companies, individual and partnership firms.

The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2020 was notified by the Insolvency and Bankruptcy Board of India vide notification dated January 15, 2020 ...

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 ("Ordinance") was promulgated on December 28, 2019 to amend the Insolvency and Bankruptcy Code, 2016 ("Code").