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.

India is talking to cryptocurrency exchanges to assess evolving trading activity as it ​seeks oversight over newer crypto products, according to a ‌top tax official, Reuters reported. India does not regulate cryptocurrencies, but global crypto exchanges such ‌as Binance, Coin DCX, Coinbase and Zebpay operate in the country after registering with a government agency. Asia's third-largest economy has imposed punitive taxes on gains from cryptocurrencies and the local central bank ⁠has repeatedly cautioned against ‌the risks from crypto trading.

The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction after the company failed to repay its dues, the Economic Times of India reported. Mumbai-based Smaaash Leisure was originally known as PVR bluO Entertainment, which was subsequently sold by multiplex operator PVR to Smaaash Group in 2017 for about ₹86 crore.

U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. and ​potentially Venezuela, Reuters reported.

The government should focus on strengthening infrastructure at the National Company Law Tribunals (NCLTs) to improve efficiency in insolvency cases under the Insolvency and Bankruptcy Code (IBC) in the upcoming Union Budget, asserted Anoop Rawat, National Practice Head at Shardul Amarchand Mangaldas & Co. "What we need is the strengthening of the infrastructure at the NCLTs. We need more and more benches," Rawat said in an interview with ANI, when asked what one change would make the IBC stronger immediately. The Union Budget for 2026-27 will be tabled in the Parliament on Sunday morning.

The Central government is set to introduce the Insolvency and Bankruptcy Code amendment Bill during the second half of the Budget session starting March 9, news agency PTI quoted Finance Minister Nirmala Sitharaman as saying, the Economic Times of India reported. The parliamentary committee has submitted its report as far as proposed legislation with respect to Insolvency and Bankruptcy Code (IBC) is concerned, she said during an interaction with the media a day after presenting Budget 2026-27 in the Lok Sabha.

The Mumbai bench of the National Company Law Tribunal Thursday approved the INR 9.19-billion resolution plan of the consortium comprising Oberoi Realty Ltd., Shree Naman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. for Hotel Horizon Pvt. Ltd, InformistMedia.com reported.

The Indian government needs to enhance the effectiveness of the insolvency framework, simplify tax structures for bonds, and ensure greater coordination between agencies to boost investor confidence in corporate debt, the Economic Survey for 2025-26 said on Thursday, LiveMint.com reported. The regulators have taken several measures over the years to deepen the corporate bond market, but coordinated and phased reforms are needed to further strengthen it and lower the cost of credit for Indian companies, the survey said.

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday, the Economic Times of India reported.

India and the European Union struck a long‑delayed deal on Tuesday that will slash tariffs on most goods, aiming to boost two‑way trade and reduce reliance on the United States amid growing global trade tensions, Reuters reported. The deal is expected to double EU exports to India by 2032 by eliminating or reducing tariffs in 96.6% of traded goods by value, and will lead to savings of 4 billion euros ($4.75 billion) in duties for European companies, the EU said.