India’s Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with the Rajya Sabha approving it Wednesday with a voice vote, News On Air reported. Minister of State for Corporate Affairs Harsh Malhotra moved the Bill, which aims to further amend the Insolvency and Bankruptcy Code 2016. The Bill also seeks to address procedural delays and interpretational issues among companies and individuals.

Amendments to the Insolvency and Bankruptcy Code (IBC) expand the scrutiny over pre-bankruptcy transactions of distressed companies to cover a longer period, finance and corporate affairs minister Nirmala Sitharaman said on Wednesday in Rajya Sabha, livemint.com reported. The upper house of parliament returned the amendment bill that was cleared by Lok Sabha on Monday.

Vedanta Chairman Anil Agarwal has moved the Supreme Court challenging the approval of Adani Enterprises’ resolution plan for Jaiprakash Associates and following the National Company Law Appellate Tribunal’s refusal to stay its implementation, IndiaWest reported. The plea, filed on March 25, came after the appellate tribunal declined to halt the ₹14,543 crore plan. The dispute involves assets valued at nearly $4 billion, including power and cement units, residential projects, and the Buddh International Circuit near New Delhi.

India has proposed an overhaul of its bankruptcy law, including allowing financial creditors ‌to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business, Reuters reported. Resolutions of stressed assets in India have been delayed despite a mandated 330-day timeline under the Insolvency and Bankruptcy Code, introduced ​in 2016, largely due to procedural and legal hurdles. Cases often pile up for admission at ​the National Company Law Tribunal, quasi-judicial body that adjudicates matters related to companies.

The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts of companies undergoing insolvency proceedings, The Economic Times reported. In its order, a two-member bench of the appellate tribunal said that the National Company Law Tribunal (NCLT) has clear jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC) to hear such matters and pass necessary directions.

Bharat Rashtra Samithi (BRS) spokesperson Manne Krishank on Wednesday accused the Telangana government of awarding ₹2,500 crore in contracts to KLSR Infratech, a company currently under bankruptcy proceedings and investigation, The News Mill reported. The Enforcement Directorate (ED) had raided KLSR Infratech in 2018 and designated it a shell company. Speaking to ANI, Krishank stated that NCLAT member Justice Sharad Kumar recused himself from a case involving KLSR Infratech after citing pressure from a senior judge to favor the company.