Bills and Acts: Insolvency & Bankruptcy Code | 24 October, 2025

Sansad Tv

The Insolvency and Bankruptcy Code (IBC) has played a crucial role in reshaping India’s insolvency framework. The major achievement of the Insolvency and Bankruptcy Code (IBC) has been its ability to resolve financially distressed companies and realisation by the creditors thereon.  By offering a clear and time-bound framework for revival, the IBC has strengthened creditor confidence and encouraged both domestic and foreign investment.  The IBC has played a pivotal role in improving the ease of doing business in India by introducing a faster and more structured insolvency resolution process maximising the value of assets, promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.   As of March 31, 2025, a total of 1,194 companies have been successfully resolved under the IBC framework. Through these cases, creditors have realised an amount of ₹3.89 lakh crore which is over 170% of the liquidation value and more than 93% of the fair value of these companies, as assessed at the time of admission into the IBC process.

Guests:

1- Justice Ramalingam Sudhakar, President of the National Company Law Tribunal (NCLT)

2- Dr .Sasmit Patra, Member of the Upper House of Parliament

Anchor & Producer: Kriti Mishra

Video Editor: Abhilasha

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