An article titled ‘Ten Years of IBC: How It Rewired India’s Credit Market’ authored by Partner Zeeshan Khan.
Marking a decade of the Insolvency and Bankruptcy Code (IBC), the article examines its broader impact on India’s credit ecosystem beyond traditional metrics such as recoveries and insolvency resolutions. It highlights how the IBC has fundamentally altered lending and borrowing behaviour by encouraging earlier intervention in stressed situations, improving credit discipline, strengthening restructuring frameworks, and fostering greater participation from stressed-asset and special situations investors. The piece argues that the IBC’s most enduring legacy lies in reshaping commercial conduct across the credit market, well before matters reach formal insolvency proceedings.
