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EconomyPIB4 June 2026

IICA to host national conference marking a decade of IBC insolvency reforms

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๐Ÿ“Œ Summary:

  • The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, with AIPE, will hold a national conference on "Redefining India's Restructuring Ecosystem: A Decade of Learning" on 13 June 2026, New Delhi
  • Marks ten years of the Insolvency and Bankruptcy Code, 2016 (IBC), which created a transparent, time-bound, market-oriented framework for corporate distress resolution
  • IBC outcomes: strengthened credit discipline, improved investor confidence, value maximisation and better ease of doing business
  • Includes the Convocation of the 6th batch of IICA's Post Graduate Insolvency Programme (PGIP); NCLAT Chairperson Justice Ashok Bhushan to deliver the convocation address, NCLT President Justice A.S. Grewal as Guest of Honour
  • Four thematic sessions: cross-border insolvency, early-stage resolution (pre-packs, CIIRP, ADR), distressed-asset markets (ARCs, AIFs), and a technology/information-infrastructure-driven future ecosystem

๐ŸŽฏ UPSC Relevance: GS3 Economy - insolvency framework, credit discipline, ease of doing business and financial-sector reform towards Viksit Bharat.

๐Ÿ“ Prelims Facts:

  • Insolvency and Bankruptcy Code enacted 2016 (completing a decade in 2026)
  • Adjudicating bodies: NCLT and appellate NCLAT
  • IICA runs the Post Graduate Insolvency Programme (PGIP); conference partner: AIPE

๐Ÿ”‘ Key Term: Insolvency and Bankruptcy Code (IBC), 2016 - a unified law for time-bound resolution of insolvency of companies and individuals, maximising asset value for creditors.

IBCInsolvencyIICANCLT

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