Insolvency and Bankruptcy Code (Amendment) Act, 2026
S.O. 2625(E), dated 22 May 2026, brought most of Act No. 6 of 2026 into force on 26 May 2026: admission or rejection within fourteen days, a narrower Section 12A withdrawal window, liquidation supervised by the committee of creditors, no interim moratorium where the application concerns a personal guarantor, and a penalty of up to ₹2 crore for frivolous filings. The creditor-initiated process, group insolvency and the cross-border framework are enacted but not yet notified.
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