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SEBI’s June 16, 2026 circular sets out rules for AIF winding up, retention of liquidation proceeds beyond permissible fund life, application for Inoperative Fund status, reporting requirements, and applicability to erstwhile VCFs.
Guidelines for winding up of AIFs with respect to retention of proceeds and ‘Inoperative Fund’ status

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 — holding that once a liability is crystallised, IBC proceedings must prevail over parallel regulatory action.
LiveLaw — 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 — Gazette of India CG-DL-E-06042026-271594
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