[CAPTION]Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed. Image: Shutterstock[/CAPTION] India's Insolvency and Bankruptcy Code (IBC) was designed to streamline the resolution of corporate distress. However, procedural delays and lower recovery for creditors pose some c...
