The Insolvency and Bankruptcy Board of India, the regulator under the Insolvency and Bankruptcy Code 2016, in communications widely reported on 29 May 2026 highlighted that the Code has completed ten years of operation since its enactment on 28 May 2016, marking a structural transformation of Indian credit markets. As of March 2026, a total of 8987 cases were admitted into the Corporate Insolvency Resolution Process, of which 7102 cases reached closure. Of these closed cases, about 58 per cent translating to 4099 companies were rescued through approved resolution plans, while 3003 cases ended in liquidation. The 1419 cases that yielded resolution plans facilitated realisations of more than Rupees Four Lakh Crore for financial and operational creditors, representing about 95 per cent of fair value and 167 per cent of liquidation value of the corporate debtors. The behavioural impact has been even larger, with more than 30000 cases filed before the National Company Law Tribunal withdrawn at the pre admission stage involving an estimated Rupees 14 Lakh Crore, signalling improved debtor discipline. Scheduled Commercial Banks have recovered around Rupees 0.54 Lakh Crore through IBC out of total recoveries of Rupees 1.04 Lakh Crore through various channels, with recovery rate under IBC rising to 36.6 per cent in 2024-25 from 28.3 per cent earlier. Post resolution firms reported about 89 per cent rise in average sales, 131 per cent improvement in asset turnover ratio and 106 per cent increase in capital expenditure over five years, indicating revival of productive enterprise and improved credit market efficiency.