New Delhi, April 14 -- In its decade-long journey, the IBC has seen six amendments with the aim to achieve time-bound recoveries and maximisation of the value of the assets. The latest amendments approved by the Parliament introduce various new frameworks while strengthening the current frameworks. Given the slowdown in recovery rates in 9M FY2026, ICRA believes the amendments are aimed to boost recoveries for lenders in a shorter timeframe.

ICRA noted that the proposed amendments aim to "reduce delays, maximise value for all stakeholders, and improve governance" while introducing new provisions that follow global best practices for resolving stressed assets.

According to an ICRA report, the legislative update addresses the backdrop of ...