The IBC promised swift resolution, but delays persist. Average time for resolved cases now stands at 597 days—nearly double the legal limit of 330 days
A Parliamentary panel has proposed a dedicated NCLT and NCLAT to handle IBC matters. Capacity constraints must be addressed without further delay
The Bhushan Power case, where the Supreme Court set aside the resolution plan, adds legal uncertainty and threatens investor confidence in the process
Despite challenges, the IBC has improved recoveries. Creditors recovered 33% of claims—170% of liquidation value—in nearly 1,200 resolved cases
The IBC has strengthened credit culture. Over 30,000 cases were settled pre-admission, and data shows fewer overdue accounts across the banking sector
India’s goal of business ease must include timely exit routes. To restore faith in the IBC, legal clarity and procedural efficiency must be ensured now