CA Divyansh Kumar

CA Divyansh Kumar

Divyansh Kumar is a Chartered Accountant qualified from the Institute of Chartered Accountants of India (May 2026) and holds a B.Com (Hons) degree from the University of Delhi. His areas of expertise include Income Tax, GST, DTAA, corporate insolvency, capital markets, and macroeconomic analysis. Through FiscalZenith, he covers Indian tax law, regulatory developments, and corporate case studies with a focus on accuracy and primary source verification.

IBC Amendment Act 2026 and IBBI Regulations: Every Change Explained for Creditors and Debtors

A complete analysis of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Presidential assent April 6, 2026) and every IBBI regulation notified in 2026 through June 21, 2026. Covers the new Creditor-Initiated IRP, 14-day NCLT admission deadline, group insolvency framework, Section 28A guarantor asset transfer, dissenting creditor protection, RP and Liquidator role separation, and all four CIRP amendment regulations.

PLI Scheme June 2026 Update: Budget Cuts, Rajesh Exports Fraud Crisis, Textiles Round III, and 6 Months of New Data

Six developments our original PLI analysis did not cover: MeitY's FY27 budget cut by 17% on underspending, Auto PLI's sixteen-fold EV jump, ACC battery PLI at 2.8% of target with a beneficiary now facing a Rs 15.15 lakh crore SEBI fraud order, Textiles Round III approving 96 companies, DVA violations under review, and the scheme crossing Rs 2.4 lakh crore overall.

Sahara vs SEBI: India’s Rs 24,000 Crore Investor Refund That Still Has Not Fully Happened

A case study of the Sahara India Pariwar vs SEBI dispute. Covers the 1978 founding by Subrata Roy, the Rs 17,656 crore OFCD collection from three crore investors, the August 31 2012 Supreme Court verdict, Subrata Roy's arrest and Tihar imprisonment, the Rs 24,979.67 crore refund account, the March 2023 CRCS portal, and the state of refunds as of July 2025 with Rs 5,139.23 crore disbursed to 27.3 lakh depositors out of 1.35 crore.

The Anil Ambani Collapse: Reliance Group’s Debt Crisis and SEBI’s Five-Year Ban

A case study of the Anil Ambani led Reliance Group collapse. Covers the 2005 demerger from Reliance Industries, the Reliance Communications and Reliance Capital insolvencies, SEBI's August 2024 order banning Ambani for five years and fining him Rs 25 crore for diverting funds from Reliance Home Finance, and the connection between ADAG group exposure and the bad loans that affected Yes Bank.