NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) Act

New Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case admission. The amended act introduces phased resolution plan approval, restored CIRP before liquidation, and bars resolution professionals from acting as liquidators. Competition law saw a surge in merger control cases, with the CCI's approval timelines shrinking. The Supreme Court also clarified rules on merger notifications.

Raccontata daeconomictimes.indiatimes.com