India marked ten years since enactment of the Insolvency and Bankruptcy Code, 2016, with seminars assessing its impact on creditor recovery rates and corporate discipline. Supporters credit the law with replacing decades of ad hoc debt restructuring forums that delayed resolution.
Data presentations showed rising admissions to the National Company Law Tribunal alongside evolving jurisprudence on homebuyer rights and personal guarantor liability. Critics argue haircuts taken by banks remain steep and timelines still exceed statutory goals.
Government speakers pledged amendments targeting frivolous litigation and group insolvency for conglomerates. International investors said IBC familiarity influenced willingness to hold rupee corporate bonds.
Anniversary events coincided with calls for stronger infrastructure for information utilities and asset valuation professionals supporting transparent auctions.
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Sources:
https://www.pib.gov.in/PressReleaseDetail.aspx?PRID=2269023®=6&lang=1