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.

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.

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.

India’s Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company Law Tribunal (NCLT) to cope with its limited capacity, The Week reported.

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.

Free schemes and subsidies, often known as 'freebies,' have been known to be a recipe for winning elections in state elections, but now this has become a major problem for the declining state economies, Bhaskar English reported. According to reports, states are not able to provide money for electricity, roads and housing. After providing funds for subsidies, salaries, pensions and interest payments, states are often left with only 20-25% of their total earnings. The debt of states like Madhya Pradesh, Rajasthan, Punjab and Bihar is about one-third or more compared to their GDP.

The insolvency resolution process of Syska LED Lights has attracted interest from four parties-the company's promoter, Germany-based turnaround investor Mutares Group, Aikyam Stressed Asset Fund and Cyfuture India, the Economic Times of India reported. Lenders to Syska, once a leading name in LED production, have raised concerns over the validity of some of the bids due to the absence of formal board authorisation. Syska LED has admitted claims of around ₹226 crore.

India's appellate tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside a National Company Law Tribunal (NCLT) order that rejected Culver Max Entertainment's insolvency petition against an Odisha-based fintech firm, offering relief to the broadcaster, which was formerly known as Sony Pictures Network India, LiveMint.com reported. NCLAT passed the case back to the Cuttack bench of NCLT, directing the court to hear the matter afresh.

Voluntary liquidation is rapidly emerging as the preferred route for company promoters seeking to wind down operations, rather than prolonging unviable businesses and absorbing mounting losses alongside compliance costs. Since the inception of the Insolvency and Bankruptcy Code (IBC), about 2,417 companies initiated voluntary liquidation, of which final reports have been submitted in 1,867 cases as of September-end, the Economic Times of India reported.