IBC at Ten - The Review Debate

A decade after it rewired how India deals with corporate default, the Insolvency and Bankruptcy Code is back under the microscope. In December 2025 the Parliamentary Standing Committee on Finance tabled a sweeping review that credited the Code with rescuing 1,322 firms, yet laid bare its weak spots in blunt figures: creditors recover only 32.8 percent of what they are owed, and the average rescue now stretches to 713 days against a 330-day legal deadline. The panel trains its fire on choked tribunals, a running clash between insolvency law and the money-laundering statute, a missing cross-border framework and steep "haircuts" - the very fault lines the pending IBC (Amendment) Bill, 2025 will have to settle.