Overview
The Department of Financial Services (DFS) organised a half‑day workshop in New Delhi on the Insolvency and Bankruptcy (Amendment) Act, 2026. The session was chaired by Shri M. Nagaraju, Secretary, DFS and attended by senior officials from the MCA, the IBBI, legal experts, and executives from public sector banks and asset‑reconstruction firms such as NARCL, IDRCL and ASREC (India) Limited.
Key Developments
- Deliberation on how the recent amendments to the IBC will affect the banking sector and the broader insolvency ecosystem.
- Emphasis on group insolvency, cross‑border insolvency and creditor‑initiated resolution processes as new avenues to reduce delays.
- Presentation by MCA and IBBI on the operational impact of the amendments for the CoC and other stakeholders.
- Calls for strengthening institutional capacity, improving coordination among regulators, and curbing prolonged litigation.
Important Facts
By the end of December 2025, more than 8,800 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Code, resulting in creditors realising over ₹4.11 lakh crore through approved resolution plans. Over 4,000 corporate debtors were rescued via resolution, settlements, withdrawals or appeal‑related closures.
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