News & Media 1st Apr 2026
Our Partner, Mukesh Chand shares his insight in ETCFO, “IBC 2025 reforms to boost timelines, creditor rights, credit ecosystem, say experts.”
He highlights that the Code has increasingly been used as a recovery tool, and the proposed changes further tilt the balance in favour of creditors. While the provisions such as group insolvency and cross-border insolvency are long overdue, there are reservations about the newly introduced creditor-initiated insolvency process. The new creditor lead insolvency process doesn’t seem to offer any perceptible improvement over the pre-pack insolvency which failed to achieve the objective of faster resolution. the true success of insolvency reforms should be measured by the number of businesses revived and jobs preserved, rather than recovery levels against liquidation value.
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