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ActArchiveSaturday, 28 May 2016

Insolvency and Bankruptcy Code (IBC), 2016

Cite this
Citations are auto-generated; verify before publishing. The act classification is PolicyDhara's, not the source's.
Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Key Facts
TypeAct
SourceHistorical Record
PublishedSaturday, 28 May 2016
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
20 million central + state government employees
Key Authorities
Ministry of FinanceRBISEBIDEAPMO
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsCivil ServantsState GovernmentsJudiciary
Government Context
NDA IBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
17 changes recorded for this policy.
DescriptionWednesday, 1 April 2026via the_hindu_policy
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
The Finance Minister said the Government accepted 11 recommendations of the Select Committee headed by BJP MP Baijayant Panda and one amendment was brought by the Government
DescriptionWednesday, 13 May 2026via barandbench
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
The Centre for LexTax and IBC (CLTIBC) at Maharashtra National Law University (MNLU) Mumbai has announced the launch of its Certificate Course / Value Added Course on the Insolvency and Bankruptcy Code, 2016. About the CourseThe Insolvency and Bankruptcy Code, 2016 has fundamentally reshaped the landscape of commercial law in India, and continues to evolve through judicial interpretation and legislative reform. Despite its significance, the Code remains one of the more challenging areas for stud
DescriptionFriday, 15 May 2026via barandbench
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has received Presidential assent as the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (the “Act”) and will come into force on notification by the Central government. It makes significant changes to the Insolvency and Bankruptcy Code, 2016, codifying, qualifying, and materially reshaping insolvency practice in India.Initiation of Corporate Insolvency Resolution ProcessThe Act removes the discretion previously read into Section 7 and
DescriptionFriday, 29 May 2026via pib
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code (IBC) completes 10 years
DescriptionFriday, 29 May 2026via state_pib_karnataka
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code (IBC) completes 10 years
DescriptionFriday, 29 May 2026via pib
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code (IBC) completes 10 years
DescriptionFriday, 29 May 2026via state_pib_karnataka
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code (IBC) completes 10 years
DescriptionFriday, 29 May 2026via mint_opinion
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Before the IBC, creditors had no choice but to chase resolution through a web of laws and frameworks while asset value deteriorated to nil. Ten years on, the situation has changed dramatically. 
TypeThursday, 9 July 2026via historical
policy
legislation
TypeSunday, 19 July 2026via historical
policy
act
SectorsTuesday, 11 August 2026via historical
Trade & Commerce
Finance & Economy, Governance & Reform
DescriptionSunday, 27 September 2026via mint_opinion
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
With the IBC completing 10 years of existence this year, it's a good time for policymakers to evaluate how well it serves the economy today. Three structural aspects deserve scrutiny, and Section 29A requires a reset to guard against its dampening effect on the deployment of risk capital.
DescriptionWednesday, 30 September 2026via mint_opinion
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
With the IBC completing 10 years of existence this year, it's a good time for policymakers to evaluate how well it serves the economy today. Three structural aspects deserve scrutiny, and Section 29A requires a reset to guard against its dampening effect on the deployment of risk capital.
DescriptionWednesday, 30 September 2026via mint_opinion
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
With the IBC completing 10 years of existence this year, it's a good time for policymakers to evaluate how well it serves the economy today. Three structural aspects deserve scrutiny, and Section 29A requires a reset to guard against its dampening effect on the deployment of risk capital.
DescriptionThursday, 1 October 2026via mint_opinion
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
With the IBC completing 10 years of existence this year, it's a good time for policymakers to evaluate how well it serves the economy today. Three structural aspects deserve scrutiny, and Section 29A requires a reset to guard against its dampening effect on the deployment of risk capital.
DescriptionThursday, 1 October 2026via pib
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery ...
DescriptionFriday, 2 October 2026via pib
Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.
Government of India press release: Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery ...
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