Why Amend the IBC 2016?
As per the Insolvency and Bankruptcy Board of India’s (IBBI) latest quarterly update on corporate insolvency cases (CIRPs), by the end of June 2025, a total of 8,492 companies had entered the CIRP process. Of these, 1,258 companies were successfully revived through resolution plans, 1,314 cases were closed after appeals, reviews, or settlements, and 1,191 were withdrawn before completion. However, 2,824 companies had to be sent for liquidation.