NEW DELHI: The decade-old insolvency framework has helped creditors recover more than Rs 4 lakh crore and sharply improved recovery rates and credit discipline, with the government and regulators hailing the Insolvency and Bankruptcy Code (IBC) as one of the country’s most significant economic reforms.
Marking 10 years of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India (the insolvency regulator) said the law has transformed India’s stressed asset resolution ecosystem by replacing a fragmented and delay-ridden regime with a creditor-driven and time-bound insolvency process.
“As of March 2026, 1,419 cases had yielded resolution plans and the process facilitated realisation of over Rs 4 lakh crore…