The Insolvency and Bankruptcy Code
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5 ways IBC transformed India's corporate rescue system over the past decade
Ten years ago, India's insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, was designed to change that.