Shri Harsh Malhotra, Minister of State for Corporate Affairs, inaugurated the 10th Annual Day celebrations of the Insolvency and Bankruptcy Board of India (IBBI). Key stakeholders discussed improvements and future reforms.
On October 1st, 2026, Shri Harsh Malhotra, Minister of State for Corporate Affairs and Road Transport and Highways, inaugurated the 10th Annual Day celebrations of the Insolvency and Bankruptcy Board of India (IBBI) at Bharat Mandapam, New Delhi. The event marked ten years since IBBI's establishment on October 1st, 2016.
During his inaugural address, Shri Malhotra observed that the Insolvency and Bankruptcy Code (IBC) has strengthened credit discipline, improved the recovery climate, and contributed to the ease of doing business in India. He noted the government's commitment to keeping the Code responsive to emerging needs, including through recent legislative amendments, and urged all stakeholders to work towards faster and value-maximising resolutions in the decade ahead.
Malhotra highlighted the need for improved adoption of emerging technologies, such as AI, in IBC ecosystem. He emphasized that efforts should be made towards faster resolutions and value maximisation as a way forward.
Justice Shri Anupinder Singh Grewal, Hon’ble President, National Company Law Tribunal, reflected on the role of the Adjudicating Authority in the IBC framework. He highlighted steps taken to reduce delays in disposal of cases and recent improvements in speedier disposal of resolution plans.
Shri Indevar Pandey, Hon’ble Member, National Company Law Appellate Tribunal, shared his perspective on the evolution of insolvency jurisprudence over the decade. He highlighted issues that may be considered in coming times.
As part of the Tenth Annual Day celebrations, an annual publication, ‘Shaping the Next Decade of IBC: The Road Ahead’, was released during the event.
Source:
Press Information Bureau
