Insolvency and Bankruptcy Code

August 19, 2025 12:15 PM

IBC facilitates recovery of ₹3.89 lakh crore from 1,194 resolved firms, boosting ease of doing business: govt

The Insolvency and Bankruptcy Code (IBC) has led to the successful resolution of 1,194 companies, enabling creditors to recover a total of ₹3.89 lakh crore, Minister of State for Corporate Affairs Harsh Malhotra informed the Lok Sabha on Monday. According to the Ministry of Corporate Affairs, the recovery amount is over 170% of the liquidation value and more than 93% of the fair value of these companies, as assessed at the time they entered the IBC process. The Code has played a crucial role...

Strengthening of debt recovery Tribunal and establishment of Addl Tribunal to speed up debt recovery: Centre

The Indian government has announced significant reforms to the country's financial regulatory framework. Finance Minister Nirmala Sitharaman, during her presentation of the 2024-2025 Union Budget, outlined several key initiatives designed to strengthen the Insolvency and Bankruptcy Code (IBC) and improve the ease of doing business in India. Central to these reforms is the proposed establishment of an Integrated Technology Platform, which aims to bring greater consistency, transparency, and ove...