India: Insolvency/Bankruptcy

April 2026 will be remembered as a watershed month in Indian corporate and commercial regulation. Within a single calendar month, the President assented to a sweeping rewrite of the insolvency code, the Ministry of Corporate Affairs (“MCA”) opened a one-time compliance amnesty window and a parallel public consultation on rationalising incorporation rules, the Securities and Exchange Board of India (“SEBI”) operationalised significant changes to the ICDR framework and the Mutual Funds Regulations, and the Income-tax Act, 2025 took effect, replacing a sixty-year-old statute.

The Insolvency and Bankruptcy Board of India (“IBBI”), through Notification dated 13.05.2026, has released the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2026 (“IBBI Amendment Regulations”) to further amend the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 (“IBBI Principal Regulations”).

The Appellate Tribunal for Electricity (“APTEL”), vide Order dated 05.05.2026 in the matter of Global Energy Private Limited v. Maharashtra Electricity Regulatory Commission, dismissed the applications filed by Global Energy Private Limited (“GEPL”) seeking condonation of delay and restoration of the appeal, which had earlier been dismissed for non-prosecution.

The liquidation phase of the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a structured regime upon secured creditors, requiring them to make timely and transparent elections regarding...

For financial creditors navigating the dual landscape of traditional debt recovery and modern insolvency resolution, the personal guarantor provisions of the Insolvency and Bankruptcy Code...

Nearly a decade after the Insolvency and Bankruptcy Code, 2016 ("IBC") came into force, the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, received the assent of the President of India on 6th April 2026 and shall come into force on such date as the Central Government notifies the same in the Official Gazette.

The National Company Law Tribunal, Kochi Bench, recently addressed a critical question regarding the rights of dissenting financial creditors in post-approval execution proceedings under the Insolvency and Bankruptcy Code, 2016.

The Supreme Court of India has delivered a landmark ruling clarifying the threshold for rejecting insolvency applications under Section 9 of the Insolvency and Bankruptcy Code, 2016. In GLS Films Industries Private Limited v. Chemical Suppliers India Private Limited, the apex court addressed whether appellate tribunals can conduct mini-trials to evaluate the merits of pre-existing disputes, or whether they must simply confirm the existence of a plausible dispute. This judgment reinforces critical safeguards

The startup legal lifecycle maps the progression of a venture from idea to exit, demonstrating how legal and regulatory frameworks evolve alongside business growth. Each stage presents unique challenges and protections, from safeguarding ideas to ensuring compliance and facilitating investment. Understanding this lifecycle is crucial for building a sustainable and scalable startup.