The ministry said the platform is envisaged to support end-to-end digital workflows, facilitate real-time information exchange among authorised stakeholders and reduce dependence on manual processes across the insolvency lifecycle. The ecosystem is aimed at bringing together the various stakeholders, processes and technology systems under the Insolvency and Bankruptcy Code (IBC).
"The IBC has strengthened India's insolvency framework through a structured and time-bound process. However, the ecosystem continues to operate on multiple standalone systems requiring manual coordination and exchange of information among stakeholders," the MCA said.
The iPIE seeks to integrate information from key institutions in the insolvency ecosystem, including the National Company Law Appellate Tribunal (NCLAT), National Company Law Tribunal (NCLT), MCA, Insolvency and Bankruptcy Board of India (IBBI), Information Utilities and Insolvency Professionals. The platform, the MCA said, would create a consolidated data repository to enable statistical and predictive analysis.
It will log all activities such as claim submission, verification, admission, rejection, as well as data and document access, upload, download, editing and deletion.
The MCA, in its consultation paper, said that the framework would efficiently organise and process claims from creditors, offering a streamlined interface for submission, verification and admission, enhancing transparency and compliance in the claims-handling process.
There would be a module to store and manage all stakeholder information and effectively communicate with the stakeholders involved in or impacted by the process, the ministry said.
The MCA has engaged KPMG Advisory Services Pvt. Ltd. as the Project Management Unit and CMS Computers India Pvt. Ltd. as the System Integrator (SI) for this project.
"Given the cross-functional nature of the platform and its potential impact on a wide range of stakeholders... the need to incorporate diverse perspectives in shaping the platform's design and functional scope at an early stage is paramount," the MCA said.
Finance and Corporate Affairs Minister Nirmala Sitharaman, in the Union Budget 2024-25, first proposed setting up an Integrated Technology Platform for improving outcomes under the IBC and ensuring consistency, transparency, timely processing and better oversight for all stakeholders.
The time taken for the total corporate insolvency resolution process has increased every year, reaching 744 days as of March 2026, against the mandated time limit of 330 days, according to data from the Insolvency and Bankruptcy Board of India (IBBI).
As a percentage of admitted claims, realisations under the IBC stood at 30.56 per cent as of March 2026, compared with 32.8 per cent a year earlier. As a percentage of liquidation value, realisations declined from 170 per cent as of March 2025 to 167 per cent as of March 2026, IBBI data showed.
 "IBC, Insolvency and Bankruptcy Code")