Union Finance Minister Nirmala Sitharaman said the Insolvency and Bankruptcy Code (IBC) has strengthened India's financial system and helped in the faster revival of distressed businesses as the insolvency law completed 10 years of implementation.

Stress resolution shifted from paternalistic rehabilitation to market-driven resolution

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionally, nearly Rs 14 lakh crore in claims…

Union Finance Minister Nirmala Sitharaman said the Insolvency and Bankruptcy Code (IBC) has strengthened India's financial system and helped in the faster revival of distressed…

The Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies. It also reduced banking sector…