What is the status of the fast track corporate insolvency resolution process under Chapter IV of Part…

Section 39 of the Amendment Act, 2026 provides that "in Part II of the principal Act, Chapter IV shall be omitted", and notification S.O.2625(E) brought that section into force on 26 May 2026. Related references to the fast track process in section 33(1)(a) were also removed. The 2026 Act enacts a creditor-initiated insolvency resolution process in a new Chapter IV-A, but that chapter had not been brought into force by that notification.