New Delhi: India’s Insolvency and Bankruptcy Code (IBC) is struggling to deliver on its core objective—the timely resolution of cases. In 2024-25, the average duration of insolvency resolution stretched 853 days, far exceeding the mandated 330-day limit. With 30,600 cases pending, it would take at least a decade to clear the backlog at the current 30-bench strength of the National Company Law Tribunal (NCLT).

This issue was revealed in a parliamentary panel report tabled by the Standing Committee on Finance Tuesday. The NCLT is a judicial body that regulates and resolves corporate disputes, and the IBC was enacted in 2016.

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We have expertise in advisory and litigious matters. These include experience advising clients with unfair preference claims, deeds of company arrangement, personal liability for breaches of directors’ duties, and assisting administrators, liquidators, receivers and managers, and trustees in bankruptcy, with a broad range of matters. Whether we are acting for the partners of national accounting firms, creditors, or directors of companies, our national team has the skills and experience to respond promptly to your needs.

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MUMBAI: The insolvency system slowed in the Sept 2025 quarter, with the resolution to liquidation ratio falling to 0.7x from 0.9x in Q1FY26 and FY25.Lender realisations slipped to about 25% of claims and over 77% of corporate insolvency cases are in breach of statutory timelines, even as a parliamentary panel on Tuesday proposed reforms to speed up approvals, improve transparency and strengthen recoveries.Delays in resolution timelines in Q2FY26 rose to 729 days for financial creditors, 739 days for operational creditors and 627 days for corporate debtors. Operational creditor realisations held at 25%—the lowest level till date—while corporate-debtor recoveries stayed near 18%. Financial creditor recoveries rose to 33% from 31% a…

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