S&P upgrades India’s insolvency framework to Group B

This document is a newsletter from the Insolvency and Bankruptcy Board of India (IBBI) reviewing the first ten years of the Insolvency and Bankruptcy Code (IBC), 2016, and outlining recent regulatory updates. It matters to citizens as it details the Code's impact on creditor recoveries, corporate revival, and the introduction of new amendments effective May 2026.

The document concerns the Insolvency and Bankruptcy Board of India (IBBI), financial creditors, corporate debtors, insolvency professionals, and the general public affected by India's insolvency framework.

• As of June 2026, 1,484 Corporate Insolvency Resolution Processes (CIRPs) have yielded resolution plans, realizing over Rs. 4.35 lakh crore for creditors.
• The Insolvency and Bankruptcy Code (Amendment) Act, 2026 received President's assent on April 6, 2026, and most provisions came into force on May 26, 2026.
• The Amendment Act introduces reforms including the Creditor-Initiated Insolvency Resolution Process (CIIRP), asset-wise resolution, and strengthened provisions for avoidance transactions.
• The IBBI notified amendments to the Model Bye-Laws for Insolvency Professional Agencies (IPAs) on May 13, 2026, allowing IBBI to nominate a director to the IPA Governing Board.
• The Central Government amended the Companies (Registered Valuers and Valuation) Rules, 2017, requiring a minimum paid-up share capital of Rs. 25 lakh for Registered Valuer Organisations (RVOs), with compliance required by March 31, 2028.

Written from the document by AI, and checked against it. The original below is authoritative.

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