Jammu, June 1 -- India's insolvency framework has undergone a remarkable transformation over the last decade, fundamentally changing the way financial distress is addressed in the corporate sector. The introduction of the Insolvency and Bankruptcy Code (IBC), 2016 marked a turning point in India's economic and financial landscape by replacing a fragmented system with a unified, creditor-driven, and time-bound resolution mechanism.
Today, the IBC stands as one of the country's most significant economic reforms, helping improve credit discipline, enhance recovery rates, and create a more predictable business environment. The recently enacted Insolvency and Bankruptcy Code (Amendment) Act, 2026 seeks to further strengthen the framework by add...