Last Updated on May 28, 2026 10:27 pm by BIZNAMA NEWS
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years of its existence today. 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. The Code has also played a significant role in fostering credit discipline and strengthening repayment culture among borrowers. As of March this year, over one thousand 419 cases had yielded resolution plans, and this has facilitated realisation of over four lakh crore rupees for creditors.
Union Finance Ministry said that the Insolvency and Bankruptcy Code (Amendment) Act, 2026, is a major step towards faster resolution, stronger creditor rights and greater business confidence. The Ministry said that by improving timelines, enhancing certainty and supporting business revival, these reforms will further strengthen India’s investment climate and economic resilience.