The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (‘Amendment Act’) received Presidential assent on 6 April 2026. It introduces the most structurally significant change to India’s insolvency framework since the Insolvency and Bankruptcy Code, 2016 (‘Code’) was enacted. Its centrepiece is the Creditor-Initiated Insolvency Resolution Process (‘CIIRP’), a new resolution track under Chapter IV-A (Sections 58A to 58K) that allows specified financial creditors holding at lea