India’s Insolvency and Bankruptcy Code Faces Ten-Year Backlog Amid Frozen ₹15 Lakh Crore, ETLegalWorld
When the Insolvency and Bankruptcy Code was introduced in 2016, it replaced a fragmented web of recovery laws with a single economic logic: fast resolution would preserve value. Nearly a decade later, the Parliamentary Standing Committee on Finance has concluded that each of the Code’s core pillars, speed, certainty and creditor control, is now under…

