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IBBI's Circular IBBI/RV/103/2026 dated June 15, 2026 prescribes standardised valuation report formats for all IBC processes. Key changes include 23 mandatory report items, VRIN on every page, seven receivables parameters, and a formal Coordinating Valuer framework with FVCD = Ξ£(VRV) + S formula.
Guidelines for Conducting Valuation Under the Insolvency and Bankruptcy Code, 2016.

NCLAT reversed NCLT's May 2024 order and held that Vistra ITCL, acting as Debenture Trustee, qualifies as a Financial Creditor of Radius Estate Projects β because the mortgage deed contained a "covenant to pay," creating an independent guarantee-like obligation under Section 5(8) IBC.
NCLAT Fortnightly (Feb 16β28, 2026) β Bar & Bench

NCLAT upheld NCLT's power under Section 60(5) of IBC to direct de-freezing of demat accounts frozen by BSE for Annual Listing Fee defaults β holding that once a liability is crystallised, IBC proceedings must prevail over parallel regulatory action.
LiveLaw β IBC Overrides Securities Law? NCLAT's Expanding Jurisdiction Over Frozen Demat Accounts

The IBC Amendment Act 2026 (No. 6 of 2026) introduces a new Creditor-Initiated IRP, Group Insolvency, Cross-Border Insolvency framework, strict AA timelines, CoC oversight of liquidation, dissenting FC protection, licence preservation post-resolution, and enhanced penalty provisions.
The Insolvency and Bankruptcy Code (Amendment) Act, 2026 β Gazette of India CG-DL-E-06042026-271594
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