THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) BILL, 2026
Where this law is right now
🏛️ Became law (Act)
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What does this law do?
This law amends the Insolvency and Bankruptcy Code, 2016 to clarify and update rules for insolvency and bankruptcy processes, including definitions, procedures for resolution professionals, and timelines for decisions.
Who it affects
The law affects businesses, insolvency professionals, creditors, and the Adjudicating Authority in insolvency and bankruptcy cases.
Key provisions
- Clarifies that security interest must be created by agreement between parties, not by law alone
- Defines 'service provider' to include insolvency professionals and related entities
- Defines 'avoidance transaction' and 'fraudulent or wrongful trading'
- Sets 14-day timeline for Adjudicating Authority to decide on applications
- Allows withdrawal of applications with 90% committee approval
- Requires Adjudicating Authority to record reasons for delays
- Updates rules for interim resolution professionals
- Clarifies committee of creditors' role in liquidation processes
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | 107 |
| Status | closed (section: bill) |
| Year | 2025 |
| Closing date | — |
| Documents | 3 |
Highlights & Points worth asking
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Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Bill_passed_both
THE-INSOLVENCY-AND-BANKRUPTCY-CODE-AMENDMENT-BILL-2026-bill_passed_both.pdf
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Bill_introduced
2025-08-12
THE-INSOLVENCY-AND-BANKRUPTCY-CODE-AMENDMENT-BILL-2026-bill_introduced.pdf
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Bill_passed_ls
2026-03-30
THE-INSOLVENCY-AND-BANKRUPTCY-CODE-AMENDMENT-BILL-2026-bill_passed_ls.pdf
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