IBC Completes 10 Years in India

The Insolvency and Bankruptcy Code completed 10 years since coming into force in 2016.

The Insolvency and Bankruptcy Code completed 10 years of implementation in India. The Ministry of Corporate Affairs said the IBC resolution process has facilitated realisation of over ₹4 lakh crore for creditors. The law has become a major institutional reform for credit markets, corporate behaviour and investor confidence. It is important for economy, banking and corporate governance questions.