Finance Minister Nirmala Sitharaman speaking in Lok Sabha during the Budget Session of Parliament, in New Delhi on Monday.
| Photo Credit: ANI
Finance Minister Nirmala Sitharaman on Monday (March 30, 2026) defended the Insolvency and Bankruptcy Code (IBC) in Parliament, citing the high level of realisations from the distressed assets, recovery for creditors, and turnaround of companies that have emerged from the resolution process.
Replying to the debate on the Insolvency and Bankruptcy (Amendment) Bill 2026, the Finance Minister said that the point of the IBC was not debt recovery, but instead the rescue of viable businesses and…