Inadequate infrastructure continues to impede IBC implementation

A paper by the Insolvency and Bankruptcy Board of India (IBBI) said the time taken between filing of an insolvency application and its admission increased to 650 days in financial year 2021

Five years since the Reserve Bank of India came out with the "dirty dozen" list, the Insolvency and Bankruptcy Code (IBC) is still being seen as a last resort by lenders, Reserve Bank of India Deputy Governor M Rajeshwar Rao said at the International Research Conference on Insolvency and Bankruptcy at the Indian Institute of Management (Ahmedabad) earlier this month.

“A comprehensive law like the IBC is often viewed as a last resort by the lenders — an avenue that needs to be explored after exhausting all alternatives. However, this view stems from the lack of a comprehensive vision for the