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EconomyPIB4 June 2026
IICA to host national conference marking a decade of IBC insolvency reforms
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๐ 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
๐ฏ UPSC Relevance: GS3 Economy - insolvency framework, credit discipline, ease of doing business and financial-sector reform towards Viksit Bharat.
๐ 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
๐ 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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