Closing Argument Episode 3: IBC @ 10

Ten years ago, the Insolvency and Bankruptcy Code changed how India dealt with companies in financial trouble. It brought insolvency proceedings under one framework, gave creditors a greater say and introduced timelines for resolving cases. The IBC has since helped several businesses find new owners and avoid liquidation. But a decade on, delays, prolonged litigation and capacity issues at the NCLT and NCLAT remain concerns. This episode looks at what the IBC has achieved, where the process continues to struggle, and whether it has truly changed India’s approach to corporate failure. It also asks what an IBC 2.0 might need.