The recent passage of the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 marks a significant step in the evolution of India’s insolvency framework, with policymakers and legal experts pointing to a sharper focus on transparency, accountability and time-bound resolution. While concerns have been raised by some members over low recovery rates under the Code, Finance Minister Nirmala Sitharaman firmly rejected the criticism, stating, such criticism misunderstands the very purpose of the law. Citing official data, she said, that the IBC has facilitated the resolution of one thousand 376 companies, enabling creditors to recover 4.11 lakh crore rupees with financial creditors recovering more than 64% of their claims under the process. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.

Source: Economic Times April 11, 2026 12:37 UTC