Reforming Corporate Insolvency in India: A Critical Analysis of the Insolvency and Bankruptcy Code (Amendment) Act, 2026

The Insolvency and Bankruptcy Code, 2016 transformed and revolutionized India’s approach to corporate insolvency by introducing a unified and time- bound resolution framework. Although, after its implementation it achieved initial success, but, over time, the Code has faced persistent challenges, including delays in resolution, judicial backlog, declining recovery rates, and concerns regarding value erosion. The Insolvency and Bankruptcy Code...