Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in Noida, the Economic Times of India reported. The National Company Law Tribunal (NCLT) on February 17 allowed withdrawal of the insolvency petition following a request from IDBI Trusteeship, which represents holders of Mahagun's non-convertible debentures, according to court documents.

India Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, National Asset Reconstruction Co Ltd (NARCL), has distributed about Rs 330 crore among banks after resolving two accounts in its first resolutions since the bad bank started operations in 2022, the Economic Times of India reported.

Two former members of National Company Law Tribunal (NCLT) will examine the status reports of various residential projects of Jaypee Infratech Ltd (JIL), particularly Wish Town township in the city, where around 17,000 homebuyers have been awaiting possession of their flats for years, the Times of India reported. On Thursday, NCLT appointed the two former members — PK Mohanty and Dr Deepti Mukesh — to independently assess the progress of construction and compliance with a resolution plan, approved three years ago, in the insolvency matter of JIL.

Financial creditors are now leading the charge at bankruptcy tribunals, overtaking the vendors and service providers who once dominated filings under the Insolvency and Bankruptcy Code (IBC), LiveMint.com reported. The shift marks a turning point in how the law is being used: less as a pressure tactic for recovering trade dues and more as a lender-driven restructuring framework. Data from the Insolvency and Bankruptcy Board of India (IBBI) shows that banks and other financial creditors accounted for 47% of cases admitted between April and December, compared with 33% by operational creditors.

The Supreme Court on Friday (February 13, 2026) laid down that telecom service providers (TSPs) do not own spectrum, a precious and finite public resource meant to be used for the common good of all, and cannot include it among their pool of “assets” for insolvency or liquidation, TheHindu.com reported. A Bench of Justices P.S. Narasimha and Atul Chandurkar held that Insolvency and Bankruptcy Code (IBC) excludes any assets over which a corporate debtor has no ownership rights.

India’s central bank kept its policy rate unchanged as a U.S.-India trade deal eased a key economic headwind, for now, the Wall Street Journal reported. The Reserve Bank of India on Friday voted unanimously to hold its policy repo rate at 5.25%, pausing after December’s rate cut. The RBI also voted to keep its monetary policy stance neutral. “Amidst heightened geo-political tensions and elevated uncertainty, the Indian economy is in a good spot with strong growth and low inflation,” and the monetary policy committee considers the current policy rate “appropriate”, RBI Gov.

Continuing its operation against alleged fraudulent corporate resolutions of bankrupt companies and money laundering activities during insolvency proceedings at National Company Law Tribunal (NCLT), ED on Thursday arrested Arvind Kumar, a former resolution professional (RP) of Richa Industries Ltd., The Times of India reported.