Summaries by Daizy Chawla

After 10 years, the IBC has transformed India’s insolvency landscape. It replaced fragmented laws with a unified, time-bound regime, shifting control to creditors and holding promoters accountable. This compelled earlier responses to financial stress. Key achievements include personal guarantor provisions and RBI enforcement, resulting in improved recovery rates and out-of-court settlements. While still evolving, the Code fosters repayment discipline, encourages proactive lending, and creates a more reliable credit market. It profoundly changed how companies, lenders, and investors behave, despite not solving every problem.