Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception
Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore
The legislative intent of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a consolidated framework for reorganization, insolvency resolution and liquidation of corporate persons, partnership firms and individuals for maximization of the value of assets. Further, IBC has had a significant impact on the health of the country’s banking sector and redefined the debtor creditor relationship.
According to the RBI Report on Trend and Progress of Banking in India (December 2024), the IBC emerged as the dominant recovery route,…
