Insolvency and Bankruptcy Code, 2016
The IBC, enacted in 2016, provides a unified framework for resolving insolvency of corporate persons, partnership firms, and individuals in a time-bound manner. It replaced a fragmented regime of multiple laws (SICA, 1985; Recovery of Debts and Bankruptcy Act, 1993; SARFAESI Act, 2002) with a single code. The IBC follows a creditor-in-control model where the Committee of Creditors (CoC), dominated by financial creditors, drives the resolution process. The code mandates completion of CIRP within 330 days (including litigation time), failing which the corporate debtor may be liquidated.
- Enacted: May 28, 2016; operational from December 1, 2016
- Regulatory authority: Insolvency and Bankruptcy Board of India (IBBI)
- Adjudicating authority: National Company Law Tribunal (NCLT) for companies; Debt Recovery Tribunal (DRT) for individuals
- CIRP timeline: 180 days (extendable by 90 days); total including litigation: 330 days
- Minimum default threshold: Rs 1 crore (raised from Rs 1 lakh during COVID-19, made permanent)
- Three triggering parties: Financial Creditor (Section 7), Operational Creditor (Section 9), Corporate Debtor itself (Section 10)
- Total CIRPs admitted as of December 2024: 8,175
● Tracked since February 09, 2026 · last seen August 18, 2026 · updates as the daily brief publishes
26 May '26
IBC Amendment Act 2026: Faster Insolvency Resolution and Strengthened Lender Priority
Economics
26 May '26
IBC Amendment Act 2026: Creditor-Initiated Insolvency and Group Insolvency Framework
Economics
19 May '26
Insolvency and Bankruptcy Code Amendment Act 2026: Provisions and Banking Sector Impact
Economics
17 Apr '26
Creditor-Led Insolvency Resolution: CIIRP Proposed to Speed Up Debt Recovery Under IBC
Economics
05 Apr '26
NeSL and India's Insolvency Infrastructure: Digital Debt Records and IBC Reform
Economics
03 Apr '26
Parliament Passes IBC Amendment Bill 2026 to Fix Delays and Plug Insolvency Code Gaps
Economics
01 Apr '26
IBC Amendment Expands Lookback Period for Pre-Bankruptcy Transaction Scrutiny to Two Years
Economics
01 Apr '26
IBC Amendment Bill 2025: Land Authorities Gain CoC Access, Real Estate Insolvency Reforms
Economics
01 Apr '26
IBC Amendment Act 2026: Speeding Up Insolvency Resolution and Reducing Case Backlog
Economics
Plus 7 earlier mentions since February 09, 2026.
Polity & Governance
Creditor-Initiated Insolvency Resolution Process (CIIRP)
Polity & Governance
Committee of Creditors (CoC)
Polity & Governance
Corporate Insolvency Resolution Process (CIRP)
Polity & Governance
National Company Law Tribunal (NCLT)
General Studies
Insolvency and Bankruptcy Board of India (IBBI)
Economy
Non-Performing Assets (NPAs)
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