New Delhi: The Insolvency and Bankruptcy Code (IBC) completed 10 years of its existence today, marking an institutional transformation with far-reaching implications for credit markets and economic efficiency.
Since its enactment in 2016, the resolution process under the Code has facilitated the realisation of over four lakh crore rupees for creditors, emerging as a watershed reform that consolidated and modernised the fragmented insolvency framework in the country.
