The Insolvency and Bankruptcy Code (IBC), recently seen in news, completed how many years of implementation in 2026?

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The correct answer is Option C: 10 Years. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, completed 10 years of implementation in 2026. IBC established a unified and time-bound framework for resolving insolvency and bankruptcy cases involving companies, partnerships, and individuals. As of March 2026, a total of 8,987 cases had been admitted under IBC, with 7,102 cases reaching closure. Creditors recovered more than ₹4 lakh crore through IBC resolutions, with recoveries equal to 95% of fair value and 167% of liquidation value. The Gross NPA ratio of Indian banks declined from 11.8% in 2017 to 2.1% in September 2025, supported by improved debt recovery mechanisms. Recovery rates under IBC reached 36.6% in 2024-25, while average resolution timelines reduced from 6–8 years to nearly 2 years. Around 4,099 companies were revived under IBC, and about 58% of closed cases resulted in rescue or revival outcomes. S&P Global Ratings upgraded India’s insolvency framework from Group C to Group B, reflecting improved resolution efficiency and creditor recovery.

TodaySprint · Answer

05 Years

TodaySprint · Answer

08 Years

TodaySprint · Answer

12 Years

TodaySprint · Answer

15 Years

The Insolvency and Bankruptcy Code (IBC), recently seen in news, completed how many years of implementation in 2026?

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The Insolvency and Bankruptcy Code (IBC), recently seen in news, completed how many years of implementation in 2026?

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