IBC — corporate insolvency cases resolved

The Insolvency & Bankruptcy Code (IBC, 2016) replaced multiple overlapping insolvency laws and established a 330-day time-bound resolution process. As of March 2024: 1,067 cases resolved under CIRP with realisation of ₹3.16 lakh crore for creditors (recovery rate ~32% of admitted claims). An additional 27,000+ cases settled before formal CIRP, reflecting the law's deterrent effect. Delays remain: average resolution time has exceeded 600 days vs the 270-day statutory limit; NCLT capacity and legal challenges are bottlenecks.