The numbers tell an important part of the story. By March 2026, nearly 9,000 corporate insolvency cases had been admitted under the IBC, with about 1,419 companies were rescued through approved resolution plans. But running parallel to these headline figures is a silent success story. Thousands of cases have ended not in a formal resolution, but through settlements and withdrawals. Over 1292 cases had been withdrawn after the parties reached a settlement, while more than 1,270 had been resolved through settlement, appeal, or review.
Many more disputes never reached the admission stage, as defaulting companies realised that the creditor were serious about invoking the IBC. And that is the heart of the story. The mere threat of invoking…