Keynote Address Highlights Role of IBC in Transforming Insolvency Landscape

At the IBBI and INSOL India International Conclave 2026 in New Delhi, the Secretary of the Department of Financial Services delivered a keynote address emphasizing the Insolvency and Bankruptcy Code's (IBC) effectiveness in transforming the insolvency landscape. The address underscored the importance of an efficient and transparent debt resolution process and highlighted the collaboration between different government bodies to streamline the Corporate Insolvency Resolution Process (CIRP) and address challenges related to resolution timelines and effectiveness. The significant reduction in Gross Non-Performing Assets (NPA) of Scheduled Commercial Banks (SCBs) due to efficient debt realizations was noted as a positive outcome.

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