By Chandan Singh | Page 3 News Worldwide | New Delhi
New Delhi: Marking a decade of the Insolvency and Bankruptcy Code (IBC), the Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, hosted a national conference on “Redefining India’s Restructuring Ecosystem: A Decade of Learning – Directions for the Future” while also celebrating the convocation of the sixth batch of its flagship Post Graduate Insolvency Programme (PGIP).
Addressing the gathering, Justice Ashok Bhushan, Chairperson of the National Company Law Appellate Tribunal (NCLAT), said the IBC has moved from an “era of establishment” to an “era of refinement,” with the recent Insolvency and Bankruptcy Code (Amendment) Act, 2026 reflecting the maturity of India’s insolvency framework. He urged graduating professionals to uphold excellence and contribute to stronger restructuring outcomes in the decade ahead.
Delivering the keynote address, Justice Anupinder Singh Grewal, President of the National Company Law Tribunal (NCLT), highlighted the growing complexity of insolvency cases and stressed the need for stronger institutional coordination and adoption of the UNCITRAL Model Law on Cross-Border Insolvency to enhance India’s global standing.
MCA Secretary Deepti Gaur Mukerjee described the IBC as a “behavioural revolution” that has transformed India’s corporate and financial landscape. She noted that nearly ₹4 lakh crore has been recovered through resolution processes, while over 32,000 cases were settled before formal admission, preserving credit worth around ₹14 lakh crore.
Welcoming participants, IICA Director General and CEO Gyaneshwar Kumar Singh highlighted the success of the PGIP programme, which has produced 239 insolvency professionals across seven batches. He reaffirmed the government’s commitment to further reforms in areas such as cross-border insolvency, pre-packaged resolutions and digital transformation.
A key highlight of the event was the convocation of 40 graduates from the sixth PGIP batch. Ashish Kumar secured the first position, followed by Arun Kumar and K. Geetha Vaishnavi, receiving cash awards sponsored by AZB & Partners.
The conference also saw the release of a commemorative souvenir on a decade of IBC, the announcement of the PM Vidya Lakshmi merit-cum-means scholarship for PGIP students, and the extension of the One Nation One Subscription (ONOS) platform to IICA.
Experts, regulators, judges and industry leaders from India and abroad participated in four thematic sessions covering cross-border insolvency, creditor-initiated insolvency resolution, distressed asset markets, and technology-driven reforms. Discussions underscored the need to align India’s insolvency ecosystem with global best practices to boost investor confidence and ease of doing business.
The conference concluded with a collective call to strengthen India’s restructuring framework and leverage the IBC’s decade-long success to build a more resilient, efficient and globally competitive insolvency ecosystem.
