Insolvency and Bankruptcy Code, 2016
What was asked, and of whom?
The question asked whether the Insolvency and Bankruptcy Code, 2016 (IBC) brought structural transformation to India's corporate insolvency resolution framework compared to pre-IBC period, and sought details on comparative frameworks, recovery rates, and impact on credit discipline. The Ministry of Corporate Affairs provided the answer.
Who asked / answered
Shri Yaduveer Wadiyar, Shri Mukeshkumar Chandrakaant Dalal (asked); Ministry of Corporate Affairs (answered)
What the government said
- IBC consolidated laws relating to insolvency and bankruptcy
- resolved 1419 companies as on 31st March 2026
- recovery of ₹ 4.32 lakh crore to creditors (94.6% of fair value, 166.9% of liquidation value)
- GNPA ratio declined from 11.2% in March 2018 to 1.8% in March 2026
- study by IIMB found reduction in loan accounts deemed 'Overdue'
- study by IIM-A found improvements in profitability, liquidity, and financial health of resolved firms
- year-wise data on cases resolved, realisable amount, and recovery rates provided
Points worth noting
- The answer states that separate data for Scheduled Commercial Banks is not maintained centrally
- The recovery rate for 2025-26 is 20%, the lowest in the provided data
| Source body | Parliament of India — Questions & Answers (Lok Sabha, starred) |
| Reference number | LS Q14 (Session 8) |
| Status | closed (section: question) |
| Year | 20.0 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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