The Association of Insolvency Professional Entities (AIPE) is pleased to release the latest edition of the AIPE Insolvency Newsletter, covering significant developments in India’s insolvency and bankruptcy ecosystem during the period 15–28 February 2026.
This issue provides a comprehensive overview of regulatory developments, judicial pronouncements, and policy updates shaping the insolvency landscape.
Key highlights include:
• IBBI Regulatory Updates: Five amendment regulations notified on 25 February 2026 refining the CIRP, liquidation process, pre-pack framework, voluntary liquidation procedures, and personal guarantor bankruptcy process.
• From the CEO’s Desk: An analytical commentary on the IBBI Discussion Paper (16 February 2026) proposing the Four Pillars of Reform aimed at strengthening CoC accountability, improving CIRP cost discipline, clarifying treatment of delayed claims, and addressing governance concerns involving related operational creditors.
• Judicial Developments: Key rulings from the Supreme Court, NCLAT, and NCLT addressing matters such as CoC commercial wisdom, parallel proceedings against personal guarantors, Section 9 dispute standards, avoidance transactions, and the scope of moratorium under the IBC.
• Resolution Trends: Several CIRPs witnessed resolution plan approvals with average recoveries around 32%, reflecting evolving creditor strategies and market participation.
• Policy and Procedural Updates: IBBI’s circular mandating digital submission of valuation reports and other procedural refinements aimed at improving transparency and efficiency within the insolvency framework.
This edition is intended to serve as a knowledge resource for insolvency professionals, banks, financial institutions, legal practitioners, and stakeholders engaged with the Insolvency and Bankruptcy Code.
