The Department of Financial Services (DFS) organised a half-day workshop in New Delhi on the Insolvency and Bankruptcy (Amendment) Act, 2026 and the Insolvency and Bankruptcy Code (IBC). It was chaired by M. Nagaraju, Secretary, DFS, and attended by officials from the Ministry of Corporate Affairs (MCA), the Insolvency and Bankruptcy Board of India (IBBI), legal experts and executives from public sector banks and asset resolution companies. The programme aimed to strengthen stakeholder understanding of the amended provisions.

It was noted that more than 8,800 corporate insolvency resolution processes had been admitted under the Code until December 2025, and creditors had realised Rs 4.11 tn through approved resolution plans. More than 4,000 corporate debtors were reported to have been rescued through resolution, settlements, withdrawals or appeal-related closures. The workshop sought to examine the implications of the amendments for the Committee of Creditors and operational aspects of implementation. Discussions aimed to clarify legal issues and improve coordination among stakeholders.

Senior officials said the Code had established a time-bound, creditor-driven framework that strengthened repayment discipline and shifted emphasis from liquidation to revival and value maximisation of stressed businesses. The Secretary, DFS said recent amendments on group insolvency, cross-border cases and creditor-initiated processes were aimed at addressing delays and improving resolution efficiency. The IBBI chairperson highlighted the need for institutional capacity and transparency. Presentations provided technical detail on implementation challenges.

In closing, the Special Secretary, DFS recognised the Code's role in accelerating resolution, improving recoveries and maximising asset value, while noting that work remained to address delays, capacity constraints and protracted litigation. Delegates were encouraged to continue collaborative efforts to build procedural capacity and reduce impediments to timely resolution. The workshop concluded that effective and timely resolution of stressed assets was central to the Government's aim of a strong, transparent and efficient financial system.