Till debt do us apart

The Insolvency and Bankruptcy Code (IBC) in India is facing challenges nearly a decade after its implementation, with increasing timelines for Corporate Insolvency Resolution Process (CIRP) resolutions. As of March 2025, the average resolution timeline stands at 723 days for financial creditors, 724 days for operational creditors, and 577 days for corporate debtors. Ashwini Kumar Tewari (MD, SBI) suggests that stricter procedural norms and accountability are needed to curb adjournments and frivolous litigation. Divyanshu Pandey, Partner, JSA, believes that legislative changes alone are insufficient; the government must also improve NCLT and NCLAT infrastructure and appoint commercially savvy judges to handle IBC cases effectively. Read Article