India’s Insolvency & Bankruptcy Code (IBC) is showing stronger results, with two cases now getting resolved for every one that goes into liquidation — a complete reversal of the situation in 2017-18, when five companies went into liquidation for each one resolved, the latest data showed.
This change has been driven partly by a decline in old cases tied to liquidation and also by the improved quality of assets when they are admitted under the corporate insolvency resolution process (CIRP).
The government and regulators are also stepping up efforts to improve how the Code functions. Some of these efforts include tracking cases that are still waiting to be admitted and monitoring those already undergoing resolution. The Insolvency &…
