Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after Lok Sabha cleared it on Monday.
The IBC was enacted in 2016 to create a time-bound mechanism to deal with companies that default on their loans — by reviving them through resolution or liquidating them if resolution is not possible.
The amendment seeks to speed up the resolution process and introduces provisions for an out-of-court mechanism, group insolvency and cross-border insolvency.
The Insolvency and Bankruptcy Board of India (IBBI) has come out with
The complaint filed against Salman Khan alleged that his endorsement of Rajshree
A Karta may sell or mortgage Hindu Undivided Family (HUF) property without
The IBC was enacted in 2016 to create a time-bound mechanism to
A surge in the prices of aviation turbine fuel (ATF) from April
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