The National Company Law Tribunal (NCLT) will admit a case only if the twin requirements of "debt" and "default" are established under the Insolvency and Bankruptcy Code (Amendment) Act, 2026, legal experts said on Friday.
The new features of the amended Act, along with competition law developments, were discussed at a media roundtable on the Insolvency and Bankruptcy Code and Competition Law in India, organised by law firm Khaitan and Co.