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What is IBC

IBC

About IBC

What is IBC

Insolvency and Bankruptcy Code (IBC) 2016 was implemented through an act of Parliament. It got Presidential assent in May 2016.
 
Centre introduced the IBC in 2016 to resolve claims involving insolvent companies.
 
The bankruptcy code is a one stop solution for resolving insolvencies, which previously was a long process that did not offer an economically viable arrangement. The code aims to protect the interests of small investors and make the process of doing business less cumbersome. The IBC has 255 sections and 11 Schedules.
 
IBC was intended to tackle the bad loan problems that were affecting the banking system.
 
The IBC process has changed
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Latest Updates on IBC

Delays, recoveries and ethics pose key challenges for IBC: IBBI chairperson

IBBI chairperson Jayanti Prasad flagged delays, ethics and realisations, while NCLT President Anupinder Singh Grewal cited vacancies and sought a higher filing threshold.

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Updated On : 01 Oct 2026 | 9:44 PM IST

SC reserves verdict on CoC's power to withdraw approved resolution plan

Indian Bank argues creditors should be able to reconsider an approved plan when circumstances change; resolution applicant says withdrawal is barred under IBC

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Updated On : 30 Sep 2026 | 8:00 PM IST

Best of BS Opinion: RBI's currency intervention must be limited

From RBI intervention in the rupee and questions over electoral-roll revisions to distressed assets, India's growth challenges and political grief, today's opinions examine institutional and economic

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Updated On : 30 Sep 2026 | 6:15 AM IST

Distressed assets need a market

The IBC requires a wider pool of investors willing to price distress

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Updated On : 29 Sep 2026 | 10:38 PM IST

When patience stops paying

The IBC's long wait is driving creditors elsewhere

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Updated On : 16 Sep 2026 | 11:01 PM IST

Multibagger Diamond Power hits 5% upper band for third day; here's why

Diamond Power share price: The multibagger stock rose to ₹387 on the National Stock Exchange (NSE), its 5 per cent upper price band and also an all-time high level.

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Updated On : 15 Sep 2026 | 12:37 PM IST

Recovery for lenders from personal guarantors picks up: IBBI data

However, the dues recouped still remain minimal

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Updated On : 28 Aug 2026 | 11:20 PM IST

How NCLT approved Subhash Chandra's ₹6.5 cr payout against ₹22,006 cr claims

Subhash Chandra's repayment plan was backed by creditors holding 80.81 per cent of voting value, despite objections from several banks and institutional lenders

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Updated On : 27 Aug 2026 | 2:07 PM IST

NCLT lets SpiceJet lessor withdraw IBC plea, imposes ₹15 lakh costs

Tribunal directs SpiceJet and aircraft lessor Aviator ML to pay Rs 7.5 lakh each after they reached a settlement following reservation of the matter for orders

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Updated On : 20 Aug 2026 | 12:06 AM IST

MSMED amendment bill could be an 'IBC moment' for small enterprises: Report

The bankruptcy law (IBC) has helped banks to get rid of bad loans by putting borrowers at the risk of losing control over their companies in case of a default

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Updated On : 17 Aug 2026 | 7:09 PM IST

IBC moratorium shields only corporate debtor, not promoters, directors: SC

Top court says insolvency moratorium cannot be used by promoters, directors or guarantors to stall consumer and other legal proceedings against them

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Updated On : 29 Jul 2026 | 8:34 PM IST

Best of BS Opinion: State reforms key to improve India's investment climate

From state-level investment reforms and food safety enforcement to next-generation FTAs, corporate living wills and a Tibetan memoir, here are today's top BS Opinion pieces

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Updated On : 23 Jul 2026 | 6:15 AM IST

MCA plans unified tech platform for India's insolvency framework

The Ministry of Corporate Affairs has sought stakeholder feedback on a proposed integrated digital platform to streamline insolvency processes and improve transparency under the IBC

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Updated On : 21 Jul 2026 | 6:52 PM IST

Best of BS Opinion: India needs to fix its many governance failures

Today's BS Opinion examines the NEET-UG paper leak, the delayed AI171 crash report, creditor rights under the IBC, urban safety failures and a global history of caste

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Updated On : 18 Jun 2026 | 6:15 AM IST

India's IBC gives lenders too much power, sidelines operational creditors

A basic principle of game theory separates the power to divide a pie from the power to choose a slice. The IBC collapses the two

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Updated On : 17 Jun 2026 | 10:15 PM IST

NCLT-approved resolution plans under insolvency code decline to 225 in FY26

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

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Updated On : 29 May 2026 | 5:41 PM IST

Best of BS Opinion: IBC@10, consumer 'value logic', Big Tech's feudalism

BS Opinion today examines the Insolvency and Bankruptcy Code at 10, decentralisation challenges, evolving consumer behaviour, and the decline in Big Tech platform quality

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Updated On : 28 May 2026 | 6:15 AM IST

Decade on, IBC still has miles to go despite stronger framework

A decade after the IBC transformed India's debt recovery framework, mounting delays and falling recoveries are testing the reform's effectiveness

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Updated On : 27 May 2026 | 11:02 PM IST

Rescue, recovery, and reform: IBC's first decade has changed credit culture

The most visible achievement of the IBC has been the market-led resolution of corporate distress

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Updated On : 27 May 2026 | 10:08 PM IST

IBC@10: Insolvency and bankruptcy code's administration needs improvement

The recent IBC (Amendment) Act, 2026, aims to strengthen the law and improve outcomes

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Updated On : 27 May 2026 | 9:59 PM IST