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Ten years in, the Insolvency and Bankruptcy Code has finally been amended to close gaps that case law had quietly opened up in it. The IBC Amendment Act, 2026, in force from 26 May 2026, does three things that matter to anyone advising creditors: it takes the discretion back out of admission, it widens the window for clawing back value that left a company before insolvency was formally declared, and it hands financial creditors a new route into a distressed company that doesn't need a Section 7 petition at all. This piece walks through each change and the litigation that made it necessary.

The Bench also used the opportunity to remind litigants, once again, that the NCLT and NCLAT exist to run the insolvency process, not to referee contractual disputes, and that the Code cannot be stretched to recover ordinary dues or to breathe life into a claim that limitation has already killed.

Leadership is often tested not during periods of stability, but in moments of extraordinary uncertainty. Whether confronting organised criminal networks, managing terrorist threats, or leading hostage rescue operations where every decision carries life-and-death consequences, public leadership demands clarity of purpose, sound judgment, and unwavering commitment to the rule of law.

Commercial disputes are experienced differently by different stakeholders. An in-house General Counsel may identify a business or operational concern that a litigating lawyer may not necessarily see, while an investor or business operator may approach an investment dispute differently from legal counsel.

In 3S and Our Health Society v. Union of India & Anr., M.A. No. 1177/2025 in W.P. (C) No. 437/2024 on 13.08.2026 the Court was considering whether pre-packaged food products should carry warnings indicating high levels of sugar, sodium and saturated fat.