Insolvency and Bankruptcy Code (IBC) completes 10 years with creditor realisations exceeding ₹4 lakh crore

Exam-focused facts from the 30 May 2026 current affairs briefing.

Key facts

The Insolvency and Bankruptcy Code (IBC), enacted in 2016, completed 10 years and facilitated creditor realisations exceeding ₹4 lakh crore as of March 2026.
As of March 2026, 1,419 cases yielded resolution plans, with realisation to creditors at 95% of fair value and 167% of liquidation value.
Of the total 8,987 cases admitted, 7,102 reached closure, with 4,099 companies rescued (58%) and 3,003 liquidated.
Over 30,000 cases were resolved at the pre-admission stage through withdrawals, involving amounts estimated at nearly ₹14 lakh crore.
The IBC process accounted for 52.4% of total recoveries (₹0.54 lakh crore) by Scheduled Commercial Banks, and recovery rates improved to 36.6% in 2024-25 from 28.3%.