May 29, 2026 6:29 PM
How India’s Insolvency Framework Has Evolved in 10 Years Under the IBC
India’s insolvency framework has undergone a major transformation over the past decade through the Insolvency and Bankruptcy Code (IBC), 2016, which replaced a fragmented and delay-ridden system with a unified, creditor-driven and time-bound mechanism for resolving financial distress. The reform, considered one of India’s most significant financial sector overhauls, was introduced at a time when Indian banks were grappling with mounting bad loans and insolvency proceedings often stretched f...