Udaipur Times, May 28, 2026: Central Government Updates New Delhi
The Insolvency and Bankruptcy Code (IBC) which came into force in 2016 has completed 10 years of its existence today. A decade since its enactment, the Code has emerged not merely as a legislative reform, but as an institutional transformation with far-reaching implications for credit markets, corporate behaviour, investor confidence, and economic efficiency.
Celebrated as a watershed reform, the Code was enacted with the objective of consolidating and modernising the fragmented insolvency framework in the country. Its implementation has improved recovery mechanisms, encouraged responsible borrowing and lending practices, and reinforced confidence in India’s…