India, May 29 -- India's Insolvency and Bankruptcy Code (IBC), introduced in 2016, has completed a decade, marking a significant milestone in the country's efforts to improve insolvency resolution, credit discipline and financial stability.
Over the past ten years, the IBC has emerged as a key mechanism for resolving stressed assets and reviving financially distressed companies. As of March 2026, 1,419 cases had resulted in approved resolution plans, enabling creditors to realise more than Rs 4 lakh crore. Recovery values stood at 95% of fair value and 167% of liquidation value, highlighting the effectiveness of the framework.
A total of 8,987 cases had been admitted under the Code, of which 7,102 were closed. Around 58% of these closed c...