News & Media 15th Apr 2026
Our Partner, Mukesh Chand a shares his insight in The Times Of India, “India’s bankruptcy law gets its new overhaul: what the IBC Amendment Act, 2026 changes and why it matters.”
He highlighted that while there is no fundamental change in the role of the adjudicating authority, the amendment clarifies that in cases of financial creditors, the NCLT is to admit the application once default is proved. Earlier, this position was diluted due to the use of the word ‘may’ and the interpretation in Vidarbha Industries Power case. With every amendment to the Code and regulations, the focus has increasingly shifted towards recovery, with a clear tilt in favour of financial creditors.
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