https://www.taxtmi.com/news?id=73647 The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force. en-us Fri, 03 Jul 2026 16:16:02 +0530 Fri, 03 Jul 2026 16:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73647 The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force. News - Fri, 03 Jul 2026 16:16:02 +0530 https://www.taxtmi.com/news?id=73647