At the IBBI-INSOL India International Conclave on 7 December 2024, the Reserve Bank of India’s Deputy Governor noted that only 10 applications had been admitted under India’s Pre-Packaged Insolvency Resolution Process since its introduction in April 2021. By September 2025, that number had grown to 16. The Insolvency and Bankruptcy Code (Amendment) Act 2026 (2026 Amendment Act), which received Presidential assent on 6 April 2026, and a series of IBBI regulatory amendments in February and May 2026 have since introduced procedural refinements to the pre-packaged insolvency resolution process (PPIRP): clarified default thresholds, tightened internal milestone timelines, and streamlined the valuation duties of the resolution professional (RP). Against a backdrop of over 8,700 admissions under the standard corporate insolvency resolution process (CIRP), however, the PPIRP, introduced under the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021 specifically to rescue micro, small and medium enterprises (MSME), continues to serve fewer corporate debtors than a typical mid-sized CIRP has creditors.