New Delhi, May 28 (IANS) The Insolvency and Bankruptcy Code, 2016 has significantly strengthened India’s insolvency and credit ecosystem since its enactment, improving recovery mechanisms, boosting creditor discipline and creating a more structured resolution process for distressed entities, according to an official factsheet released on Thursday.As of March 2026, creditors realised approximately Rs 4.32 lakh crore through approved resolution plans under the IBC. Recoveries exceeded 116.85 of …
Latest Debt Recovery Tribunals News & Updates
New Delhi, May 3 (IANS) In a bid to reduce pendency and accelerate disposal of cases, the government has urged debt recovery tribunals (DRTs) to emulate best practices.In a meeting here, Finance Ministry held deliberations on boosting disposal of cases in debt recovery tribunals. Tribunals were urged to emulate best practices adopted by high-performing debt recovery tribunals (DRTs), its said in a statement.Key areas of discussion included strengthening oversight and monitoring mechanisms within…