Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore ...

IBC is also frequently pitted against the latter ... This is evident even in some World Bank measures (strength of legal rights) which predominantly relied on collateral law indicators while ...

This was corroborated by a report by MoneyLife, which found that banks were searching for other resolution options owing to the long delays and extensive litigation under the IBC. That being said ...