news
The Department of Financial Services (DFS) under India's Ministry of Finance conducted a workshop in New Delhi to discuss the implications of the Insolvency and Bankruptcy (Amendment) Act, 2026. The event, attended by officials from the Ministry of Corporate Affairs, Insolvency and Bankruptcy Board of India, legal experts,
IBC cases
The Secretary of the Department of Financial Services chaired a review meeting to address pending IBC cases at the NCLT. Emphasis was placed on adhering to timelines for the admission of corporate insolvency resolution process (CIRP) applications and resolving cases. Chief Executives of Public Sector Banks were instructed to monitor
Competition Commission of India
The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited (JAL) by Jindal Power Limited as part of a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Jindal Power, primarily engaged in the power sector, aims to expand its operations, while JAL is involved