India’s IBC, a decade old, aimed for timely insolvency resolution and asset maximization but struggles with significant delays, legal battles, and a massive case backlog. Numerous amendments and new frameworks, like CIIRP, attempt to streamline processes. Crucially, the Code has notably improved credit discipline, preventing large borrowers from exploiting the system. While still a work in progress facing operational hurdles, its success in fostering credit responsibility marks a significant achievement, even as it strives for faster, more effective resolution outcomes.