The bankruptcy regulator has amended the framework for reporting the corporate insolvency resolution process (CIRP) to ease compliance burden without undermining effective oversight, according to a circular, the Economic Times of India reported. Under the revised reporting framework, the existing nine forms will be compressed into five by removing duplication, streamlining data requirements and leveraging technology for auto-population of information, the Insolvency and Bankruptcy Board of India (IBBI) said in the circular dated May 26.

Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year 2025, according to the credit rating firm ICRA, the Economic Times of India reported. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 percent drop form 1,003 in the previous year. The number of approved resolution plans also dipped slightly to 259 from 263. In the last quarter of FY2025, lenders recovered about 70 percent of the admitted claims in some cases, registering the highest levels so far, said the ICRA.

Dunar Foods Ltd, an accused in the 2016 NSEL scam case involving alleged cheating and siphoning of funds, has been discharged from criminal proceedings, the Times of India reported. The court's decision was based on Section 32A of the Insolvency and Bankruptcy Code (IBC), which grants immunity to corporate debtors once a resolution plan is approved and management changes hands.

Reserve Bank of India is "examining" the licensing framework for banks to align it with the evolving needs of the economy and is also reviewing the role of lenders in distributing insurance products, amid complaints of mis-selling, the Times of India reported.

Creditors have realised ₹3.89 lakh crore from resolution plans through March 2025, under India’s Insolvency and Bankruptcy Code (IBC) enacted in the year 2016, TheHindu.com reported. The realisation is more than 32.8% as against the admitted claims and more than 170.1% as against the liquidation value, insolvency regulator Insolvency & Bankruptcy Board of India (IBBI) said in its January-March 2025 quarterly newsletter. Resolution plans on average are yielding 93.41% of fair value of the Corporate Debtors (CDs), it said.

National Company Law Appellate Tribunal (NCLAT) on Monday upheld NCLT's order admitting Future Ideas Company Limited (FICL), part of the Future Group, into insolvency over dues of ₹122.83 crore, the Economic Times of India reported. National Company Law Tribunal (NCLT), Mumbai, admitted FICL into insolvency last month in an insolvency petition filed by Axis Trustee Services, representing Franklin Templeton Asset Management (India) Pvt Ltd as its debenture trustee. A debenture trustee is a body representing the interests of debenture holders while holding debentures for them.

The European arm of Bajaj Auto Ltd. has obtained a EUR 566 million (USD 632 million) unsecured one-year loan from JP Morgan Chase & Co., DBS Bank Ltd., and Citigroup Inc. to fund investments related to its motorcycle business, according to a regulatory filing with the Bombay Stock Exchange, BusinessWorld.In reported. The financing comes just days ahead of the 23 May deadline for KTM AG, the Austrian motorcycle maker, to deposit EUR 544 million with its insolvency administrator and pay out 30 per cent to creditors as part of a restructuring agreement.

The National Company Law Tribunal (NCLT), Ahmedabad, on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea filed by public sector Indian Renewable Energy Development Agency (IREDA), IndianExpress.com reported. The IREDA plea came before a two-member bench of the NCLT which posted it for hearing on June 3. The bench refused the PSU’s request to appoint an Interim Resolution Professional (IRP) to take charge of the company as the top leadership had exited in the wake of the ban order passed by the market regulator Sebi.