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The Insolvency and Bankruptcy Board of India (“IBBI”) has issued Circular No. IBBI/CIRP/105/20261 dated September 09, 2026, directing Insolvency Professionals (“IPs”) to exercise due diligence and remain vigilant against potential misuse of the insolvency framework under the Insolvency and Bankruptcy Code, 20162. (“IBC” or “Code”). The circular follows information received by the IBBI from law enforcement and regulatory agencies regarding […]

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The Enforcement Directorate (ED) has intensified its scrutiny of suspected frauds arising in insolvency proceedings, particularly cases involving disproportionately large haircuts, alleged manipulation of the Committee of Creditors (CoC), and re-acquisition of assets by erstwhile promoters. The issue was discussed at the 36th Quarterly Conference of Zonal Officers (QCZO) held at the Indian Institute of Management, Bengaluru, on 14–15 September […]