India’s Insolvency and Bankruptcy Code (IBC) has facilitated creditor recoveries exceeding INR 4 lakh crore over the past decade, while insolvency cases involving claims of nearly INR 14 lakh crore were resolved before admission to the National Company Law Tribunal (NCLT), according to data released by the Insolvency and Bankruptcy Board of India (IBBI) as the law completed ten years of implementation.
The IBC, introduced in 2016 to establish a time-bound insolvency resolution framework for distressed assets, has emerged as a central…