India, May 28 -- The Government of India has issued a release:
India's insolvency framework has undergone a major transformation through the Insolvency and Bankruptcy Code, 2016 (IBC). It introduced a unified, creditor-driven and time-bound mechanism for resolving financial distress. Over the years, the Code has strengthened recovery mechanisms and improved resolution outcomes, with creditors realising nearly Rs.4.32 lakh crore through approved resolution plans till March 2026. Building on this experience, the Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduces several reforms to reduce delays, strengthen creditor oversight and improve procedural clarity. The amendment seeks to make the insolvency resolution and liquidation pro...