Ministry : Presidents Secretariat (Not Applicable)

Part I-Section 1

Subject : Extra Ordinary

Overview [Insolvency and Bankruptcy Code (Amendment) Act, 2026]

This gazette notification officially announces the commencement date for key provisions of the Insolvency and Bankruptcy Code (Amendment) Act, 2026, marking a significant update to India's insolvency framework.

Key Points

• Sections 2 to 6 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026, come into force.
• Sections 8 to 33 are activated, expanding the regulatory framework.
• Specific sub-clauses and sections, including section 34(a) and 34(b), are introduced.
• Sections 35 to 72, including sections 61 to 72, are implemented.

Summary

The gazette notification effective from May 26, 2026, enforces multiple sections of the Insolvency and Bankruptcy Code (Amendment) Act, 2026. This implementation enhances the insolvency and bankruptcy regulations in India, impacting corporate affairs and providing a structured approach to financial distress and resolution.