INSOL India is an independent leadership body representing practitioners and other associated professionals specialising in the fields of restructuring, insolvency and turnaround. It is an association with an architecture that facilitates key stakeholders to come together and share experiences while preserving their independence.



Welcome to INSOL India Newsletter Volume I, Issue APRIL | Apr 24, 2026

Upcoming Events and Activities
9th
July, 2026

Venue: MUMBAI

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Editor's Message
Deep Roy, Chair - Communication Committee, INSOL India

It gives me great pleasure to present the latest edition of the INSOL India Newsletter.

 

This edition comes at a pivotal moment for India’s insolvency ecosystem. The recent developments, including the proposed amendments to the Insolvency and Bankruptcy Code, reflect a continued commitment to strengthening the framework, enhancing creditor confidence, and addressing evolving commercial realities. Alongside legislative progress, judicial pronouncements across forums have further shaped the contours of insolvency jurisprudence—clarifying critical issues such as the scope of avoidance provisions, the boundaries of commercial wisdom, and the accountability of stakeholders within the resolution process.

 

In this issue, we have curated insightful analyses on emerging themes, including the evolving interpretation of Section 66 of the IBC and the delicate balance between the Committee of Creditors’ commercial wisdom and the overarching objectives of the Code. These discussions are not only timely but also essential as the regime continues to mature and respond to practical challenges.

 

As we move forward, the Communications Committee aims to position this newsletter as a platform for thought leadership, dialogue, and knowledge sharing within the insolvency and restructuring community. We look forward to your continued engagement and contributions.

Headlines

The Insolvency and Bankruptcy Board of India (IBBI) has introduced reforms to strengthen the valuation and information disclosure framework under the IBC. These measures seek to address concerns … read more

The Supreme Court in a recent judgment in Torrent Power Limited v. Ashish Arjunkumar Rathi [(2026) ibclaw.in 109 SC] reiterated that under the IBC, the highest bid does not necessarily constitute the … read more

The Supreme Court in Central Transmission Utility of India Ltd. v. Sumit Binani and Ors. [(2026) ibclaw.in 142 SC], has clarified that security deposits cannot be appropriated or set-off against … read more

The Supreme Court in M/s Lamba Exports Pvt. Ltd. v. M/s Dhir Global Industries Pvt. Ltd. has reaffirmed the finality of judicial orders and the primacy of the commercial wisdom of the Committee of … read more

The Supreme Court in Ujaas Energy Ltd. v. West Bengal Power Development Corporation Ltd. [(2026) ibclaw.in 127 SC], has refined the scope of the “clean slate” principle under the … read more

The NCLAT in Sri Vibu Venkatsubramanian v. State Bank of India & Anr. Ujaas Energy Ltd. v. West Bengal Power Development Corporation Ltd., has clarified the scope and application of Section 238 of … read more

CJI Surya Kant in a recent hearing in EAS Sarma v. Union of India and others [W.P.(C) No. 1217/2025], flagged serious concerns over the misuse of the IBC, noting that insolvency processes are being … read more

Articles

By EQUILEX

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted in 2016 with the paramount object to resolve insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets …

By EQUILEX

The Insolvency and Bankruptcy Code, 2016 (“IBC”) fundamentally restructured India’s insolvency landscape by shifting the focus from slow recovery to collective resolution. The essence of the Code is to revive the businesses, maximise the …

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SIG 24
Chandhiok & Mahajan, Advocates and Solicitors
J Sagar Associates
Shardul Amarchand Mangaldas Shroff & Co.
TRILEGAL
Khaitan Legal Associates
E-Newsletter Editorial Board
Editorial Team
Divyanshu Pandey
Partner, J. Sagar Associates
Editorial Team
Ashish Chhawchharia
Partner - Advisory, Head - Restructuring Services, Grant Thornton Advisory Pvt Ltd
Editorial Team
Anju Agarwal
Director, ASC Consulting Pvt. Ltd.
Editorial Team
Ashwin Bishnoi
Partner, Khaitan & Co.
DISCLAIMER

INSOL India is a society registered under the provisions of Societies Registration Act XXI of 1860. A certificate to this effect was issued by the Registrar of Societies, Government of National Capital Territory of Delhi on 11th January 2000.

The formation of INSOL India fulfilled the long cherished desire of the members of the legal fraternity, chartered accountants, company secretaries and other persons, bodies and institutions in India, to have an association to promote closer co-operation, exchange of ideas, dissemination of information and an empathetic understanding of law of insolvency and related lawhe formation of INSOL India fulfilled the long cherished desire of the members of the legal fraternity, chartered accountants, company secretaries and other persons, bodies and institutions in India, to have an association to promote closer co-operation, exchange of ideas, dissemination of information and an empathetic understanding of law of insolvency and related laws.
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