Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed.
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India’s Insolvency and Bankruptcy Code (IBC) was designed to streamline the resolution of corporate distress. However, procedural delays and lower recovery for creditors pose some challenges.
Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over…