IBC Amendment Bill 2026 Passed: Introduces CIIRP, Group Insolvency, Targets ₹4.11 Lakh Cr Recovered

IBBI Issues 6 IBC Misuse Indicators After NCLT Stay on Subhash Chandra Rs 6.25 Cr Plan

The IBBI has issued a circular to insolvency professionals to stay vigilant against misuse of the IBC, listing six indicators of potential abuse. The directive follows a controversial NCLT order in the Subhash Chandra case where a single-member bench approved a repayment plan of only Rs 6.25 crore against admitted claims of Rs 22,006.57 crore, which was later stayed by a special bench. This highlights growing concerns over low recovery rates and potential misuse of the insolvency process by related parties.

IBC Haircuts Explained: Subhash Chandra's Rs 6.5 Cr Settlement, Recovery Rates at 20%

The NCLT approved a settlement where Subhash Chandra pays only Rs 6.5 crore against admitted claims of Rs 22,006.57 crore, sparking debate on deep 'haircuts' under IBC. This news highlights the core tension between resolution and recovery, with FY26 recovery at a five-year low of 20%. For aspirants, it's a critical case to understand the IBC mechanism, valuation methods, and the government vs. banks perspective.

MSME Development Amendment Bill 2026 Passed: 50% Interim Payment, Faster Dispute Resolution

Lok Sabha passed the MSME Development Amendment Bill, 2026 without debate, tackling delayed payments with faster dispute resolution and empowering courts to order 50% interim payment to suppliers. MSMEs contribute 31% to GDP, 36% to manufacturing, and 41% to exports. The Bill is now cleared by Parliament.

Lok Sabha Passes Bill to End Zero MDR Guarantee for UPI; Govt Can Now Notify Charges on Merchants

The Taxation and Other Laws (Amendment) Bill, 2026, passed without debate, removes the statutory zero-MDR guarantee for UPI, allowing the government to impose charges on merchants. This affects 55 crore users and the digital payments ecosystem. The Bill also provides 15-year tax exemptions for foreign electronics manufacturers and simplifies rules for fund managers, raising concerns about asymmetry between domestic and foreign stakeholders.

Rajya Sabha Passes Appropriation Bill 2026 for ₹54,067 Cr Excess Expenditure (FY2022-23)

Rajya Sabha has cleared the Appropriation Bill, 2026, authorising ₹54,067.44 crore in excess expenditure from the Consolidated Fund of India for FY 2022-23. Two demands covered: ₹53,871 crore for debt repayment and ₹196.44 crore per a Railway Ministry court order. This is a key procedural event in parliamentary financial control every student of Indian polity must understand.

MCA Data Reveals Only 9 Women CEOs, 25 MDs in India's Top 500 Listed Companies

Ministry of Corporate Affairs data tabled in Lok Sabha reveals severe underrepresentation of women in top corporate leadership: only 9 CEOs and 25 MDs among India's 500 largest listed companies. This directly impacts the UPSC/state PSC themes of women empowerment, corporate governance, and the effectiveness of legal mandates under the Companies Act, 2013.

ED Targets IBC Irregularities: 94% Haircut, Section 29A Evasion, Promoter Re-Acquisition

ED intensifies probe into IBC proceedings for collusive resolution plans, focusing on Section 29A circumvention, inflated claims, and huge haircuts. This highlights the nexus between insolvency law misuse and money laundering, a key area for UPSC Mains (GS3: Economy, Governance) and Prelims (PMLA, IBC, NCLT).

ICAI Reviews CA Curriculum to Integrate AI, ESG, Forensic Auditing; Launches AURA 2.0 and International Programme

ICAI is overhauling the CA curriculum to include AI, data analytics, ESG, and forensic auditing to keep pace with global technological shifts. It is also developing an international CA programme for countries like Mauritius, Nepal, and African nations, and launching advanced AI training for members and students.