The Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper aiming to strengthen the regulatory framework on the corporate insolvency resolution process (CIRP), liquidation, and insolvency and bankruptcy from personal guarantors to corporate debtors, the India Business Law Journal reported. The move intends to plug gaps, reduce procedural uncertainty and align the regulations with the Insolvency and Bankruptcy Code (Amendment) Act, 2026.

India’s Shapoorji Pallonji Group has kicked off a planned ₹25,500 crore ($2.7 billion) refinancing with the sale of local-currency bonds, helping restore confidence among investors after months of uncertainty over the group’s ability to refinance looming debt maturities, Bloomberg News reported.

The Kochi bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency petition against a Kerala-based auto dealer, ruling that the Insolvency and Bankruptcy Code (IBC) cannot be used as a mechanism to recover private debts, the Economic Times of India reported. The petition was filed by eight financial creditors against NCS Autocars Pvt Ltd in Pathanamthitta district, who claimed that the company had defaulted on loans worth Rs 4 crore advanced in two tranches in September and December 2023.

Two key suppliers to Ola Electric Technologies Pvt., the operating arm of listed Ola Electric Mobility, have petitioned the National Company Law Tribunal (NCLT) to initiate insolvency proceedings over alleged unpaid dues of more than ₹40 crore, according to media reports, Business-Standard.com reported. Sterling E-Mobility Solutions Ltd., the electric-vehicle components arm of Sterling Tools Ltd., and Anevolve Mando eMobility Pvt., part of the Anand Group, allege that Ola Electric Technologies failed to pay for components supplied to the company.

Bank of Baroda on Thursday said it has entered into an out-of-court settlement with the joint administrators of NMC Health PLC and its group entities, bringing to a close long-running insolvency and civil proceedings in overseas courts, the Economic Times of India reported.

The National Company Law Appellate Tribunal (NCLAT) has revived insolvency proceedings against Chintamani's Jewellery Arcade Pvt Ltd allowing a restoration application filed by Axis Bank, holding that the company had committed a material and continuing breach of court-recorded settlement terms, the Economic Times of India reported. A three-member NCLAT bench recalled its earlier order passed on May 9, 2024 that set aside the insolvency admission against the company and restored to its original position.

India's Supreme Court on Thursday underscored the need to regulate the use of artificial intelligence in judicial proceedings, noting that unverified AI-generated material could undermine the administration of justice, the Times of India reported. Directing the Bar Council of India (BCI) to set up a committee to examine the use of AI in legal practice and adjudication, the court said there was a clear need for regulatory safeguards. It also urged both the Bar and the Bench to exercise caution while using such technology.