New Delhi, July 22 -- The Ministry of Corporate Affairs (MCA) has proposed the creation of an Integrated Platform for Insolvency Ecosystem (iPIE), aimed at streamlining processes under the Insolvency and Bankruptcy Code (IBC) through a single digital interface.

The ministry has invited comments from insolvency professionals, creditors, industry bodies and other stakeholders on the proposed platform before finalising its design and functionality.

Addressing Fragmentation in the Insolvency Framework

According to the MCA, while the IBC has strengthened India's insolvency system with a structured and time-bound process, the ecosystem continues to operate across multiple standalone platforms.

Stakeholders currently depend on manual coordin...