S&P Global Ratings on Wednesday revised up its jurisdiction ranking assessment for India's insolvency regime on improved creditor-friendliness of India's bankruptcy resolution framework, the Economic Times of India reported. S&P said the Insolvency and Bankruptcy Code (IBC) has strengthened credit discipline and tilted the resolution process in favour of creditors, with promoters potentially risking losing control of their business, unlike under earlier resolution regimes.

The Enforcement Directorate has said that realty developer Experion Developers misused the provisions of the Insolvency and Bankruptcy Code in acquiring 9.3 acres of land in Sector 62 of Gurugram, the Economic Times of India reported. While investigating a Prevention of Money Laundering Act (PMLA) case against Religare Finvest, the ED had attached assets belonging to the corporate debtor, Dignity Buildcon, which was later acquired by Experion.

Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors, the Economic Times of India reported. A two-member NCLAT bench has upheld the earlier orders of the Mumbai-bench of the National Company Law Tribunal (NCLT), which had on May 27, 2025 rejected the petition on the grounds of a pre-existing dispute.

The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd., the Economic Times of India reported. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency resolution process.

A U.S. bankruptcy court has held Byju’s founder, Byju Raveendran, in default and ordered him to pay more than $1 billion after ruling that he obstructed discovery in the case involving the missing Alpha Funds, the Economic Times of India reported. The court issued the default ruling after finding that Raveendran consistently ignored orders and failed to participate in the proceedings, following a motion for default that the lenders filed on August 11. “The court acknowledges that the relief granted herein is extraordinary.

The average time to conclude a resolution process under the Insolvency and Bankruptcy Code (IBC) is on a rise. According to official data, it took 603 days to complete 1,300 corporate insolvency resolution processes (CIRP) in the July-September 2025 quarter, which is higher than 582 days in the corresponding quarter last year, FinancialExpress.com reported. This is way above the 330-day limit set to conclude the process.

Reliance Communications is facing a probe from India's Serious Fraud Investigation Office, it said on Thursday, in a move that will pile more pressure on the insolvent company, which is already under the scrutiny of the country's financial crime-fighting agency, Reuters reported. The company said an SFIO-appointed inspector had asked it and its unit, Reliance Communications Infrastructure, to provide "certain information" for the time period between fiscal year 2009 and 2024, without disclosing further details.

Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byju’s, the Times of India reported. In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to company’s financial and operational data. This marks the group’s second EoI submission, following an extension of filing deadline to Nov 13.