https://www.taxtmi.com/article/detailed?id=16195 The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduces new and amended definitions covering registered valuer, security interest, service provider, avoidance transaction, fraudulent or wrongful trading, initiation date and voting share. It also expands the resolution plan explanation to include restructuring by merger, amalgamation, demerger and sale of assets, subject to specified conditions. The Act strengthens CIRP initiation timelines by requiring the Adjudicating Authority to decide financial creditor, operational creditor and corporate applicant applications within fourteen days, with specified rules on admission, rejection, defect rectification, written reasons for delay, and reliance on information utility records to establish default. en-us Mon, 13 Apr 2026 07:55:52 +0530 Mon, 13 Apr 2026 07:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16195 The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduces new and amended definitions covering registered valuer, security interest, service provider, avoidance transaction, fraudulent or wrongful trading, initiation date and voting share. It also expands the resolution plan explanation to include restructuring by merger, amalgamation, demerger and sale of assets, subject to specified conditions. The Act strengthens CIRP initiation timelines by requiring the Adjudicating Authority to decide financial creditor, operational creditor and corporate applicant applications within fourteen days, with specified rules on admission, rejection, defect rectification, written reasons for delay, and reliance on information utility records to establish default. Articles Corporate Laws / IBC / SEBI Mon, 13 Apr 2026 07:55:52 +0530 https://www.taxtmi.com/article/detailed?id=16195