As the availability of fresh land tightens and competition intensifies across India’s major metropolitan markets, strategic buyers are increasingly leveraging the corporate insolvency resolution process under the Insolvency and Bankruptcy Code to access urban real estate assets, according to an analysis in the Economic Times of India reported. The framework is playing a growing role in facilitating ownership transitions and land consolidation in supply-constrained cities. This shift has been reflected in a series of recent orders by bankruptcy tribunals across the country.
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India's income tax authorities have joined the Reserve Bank of India in raising concerns over virtual digital assets, citing enforcement challenges that threaten the government's ability to track and tax crypto transactions as the Union Budget approaches, Decrypt.com reported. On Wednesday, Tax authorities presented their concerns about cryptocurrency and other virtual digital assets to the parliamentary standing committee of finance, according to a Times of India report.
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The Insolvency Bankruptcy Board of India has launched a set of revised electronic forms for the liquidation process to reduce the compliance burden on insolvency professionals and improve the quality of regulatory filings, the Economic Times of India reported. The move came after the Insolvency Bankruptcy Board of India (IBBI) had notified amendments on January 2 to the IBBI (Liquidation Process) Regulations, 2016, which mandate that insolvency professionals file the forms, along with enclosures, on the regulator's electronic platform within prescribed timelines.
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SC Rejects Insolvency Plea Against ECL

The Supreme Court on Tuesday refused to allow UV Asset Reconstruction Co to initiate insolvency proceedings against Electrosteel Castings Ltd (ECL), while upholding a 2024 ruling of the National Company Law Appellate Tribunal (NCLAT), the Economic Times of India reported. The issue before the apex court was whether approval of the resolution plan of Electrosteel Steels Ltd (ESL) resulted in extinguishment of the entire debt, thereby barring any claim against ECL as a security provider or erstwhile promoter.
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Asset quality in the Indian banking system has improved, with gross non-performing assets reaching a historic low of 2.2 percent in September 2025. While several factors have contributed to this improvement, the role of the ‘Insolvency and Bankruptcy Code 2016 (IBC16)’ cannot be undermined, according to a commentary in the Times of India. Among the various debt resolution mechanisms introduced in the post-reform banking system, the enactment of the IBC16 has been critical in protecting the interests of all stakeholders.
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Creditors have realised Rs 4 lakh crore under the resolution plans initiated under the Insolvency and Bankruptcy Code through September 30, 2025, according to a Reserve Bank report on Wednesday, the Economic Times of India reported. Since the provisions relating to the corporate insolvency resolution process came into force in December 2016, a total of 8,659 CIRPs have been initiated until September 30, 2025, of which 6,761, or 78.1 percent, have been closed. The primary objective of the Insolvency and Bankruptcy Code is rescuing corporate debtors (CDs) in distress.
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