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The PROG Rules, 2026: Ushering in a New Era for India’s Online Gaming Industry

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  The Indian online gaming industry has grown at a pace that has always surpassed the legal framework meant to regulate it. For years, the void was filled with a complex web of state level regulations, court decisions on the “skill vs chance” argument, and informal industry self-regulation. That era formally came to an end on 1st May, 2026 when the Promotion and Regulation of Online Gaming (PROG) Rules, 2026 came into force operationalising the landmark Promotion and Regulation of Online Gaming Act, 2025 enacted by the Parliament in August last year. This is not an incremental policy adjustment. The Legislative Foundation The PROG Act, 2025 was passed in the Parliament in August 2025 and the legislation is brought to protect the citizens from the harms of online money gaming and also to create the conditions for India to become a global hub for e-sports and digital gaming innovation. Section 19 of the Act expressly confers power on the Central Government to frame rules to carry o...
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India’s Insolvency Evolution: From A Fragmented Past To A Creditor-Centric Future

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  India’s insolvency laws have moved from a complex, debtor-friendly system to a simpler, creditor-focused approach with the Insolvency and Bankruptcy Code (IBC). The 2026 Amendment Act builds on the 2016 IBC to fix problems like delays and misuse, aiming for quicker and more effective resolutions. The Old Insolvency Regime Before the IBC came in 2016, India’s insolvency system used several old laws that mainly helped debtors instead of helping creditors recover money. This often led to long delays and lower asset values. Key laws included the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), which allowed the Board for Industrial and Financial Reconstruction (BIFR) to declare companies “sick” and pause legal actions for years, though these efforts rarely succeeded. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) let secured creditors recover assets without going to court, but it only covered certain...
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