Insolvency and Bankruptcy Code (IBC) completes 10 years

• Insolvency and Bankruptcy Code, 2016 — unified, time-bound framework for resolving insolvency of corporates, partnerships and individuals; administered by Ministry of Corporate Affairs (MCA).
• Marks a shift from debtor-in-possession to creditor-in-control regime; replaced fragmented laws (SICA, RDDBFI, SARFAESI overlap).
• Completed 10 years on 28 May 2026; flagged by PIB as a watershed reform underpinning credit discipline.