https://www.taxtmi.com/article/detailed?id=16266 Group insolvency introduces a coordinated framework for multiple related corporate debtors, with Section 59A empowering rules for common Bench procedure, coordination of insolvency professionals and creditors, appointment of a common insolvency professional, and synchronised agreements. The amendments also add a three-month appeal disposal timeline before the NCLAT, penalties for frivolous proceedings, revised liability for fraudulent and wrongful trading, and new penalty provisions for contravention of moratorium, breach of an approved resolution plan, and concealment of dispute by an operational creditor. en-us Fri, 24 Apr 2026 09:43:12 +0530 Fri, 24 Apr 2026 09:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16266 Group insolvency introduces a coordinated framework for multiple related corporate debtors, with Section 59A empowering rules for common Bench procedure, coordination of insolvency professionals and creditors, appointment of a common insolvency professional, and synchronised agreements. The amendments also add a three-month appeal disposal timeline before the NCLAT, penalties for frivolous proceedings, revised liability for fraudulent and wrongful trading, and new penalty provisions for contravention of moratorium, breach of an approved resolution plan, and concealment of dispute by an operational creditor. Articles Corporate Laws / IBC / SEBI Fri, 24 Apr 2026 09:43:12 +0530 https://www.taxtmi.com/article/detailed?id=16266