IBBI marks ten years: Minister of State says IBC has strengthened credit discipline; NCLT President flags admission thresholds and mediation as reform areas
The Insolvency and Bankruptcy Board of India held its 10th Annual Day at Bharat Mandapam, New Delhi on 1 October 2026. Speakers pointed to faster, value-maximising resolution as the task for the next decade. IBBI’s Chairperson said the ecosystem now has over 4,400 Insolvency Professionals and over 6,000 Registered Valuers.
Key facts
- In force
- Event held on 1 October 2026
- Who it affects
- Insolvency professionals, registered valuers, creditors, corporate debtors and their advisers
- Section
- Insolvency
- Published
- 1 October 2026
In 30 seconds
- IBBI was established on 1 October 2016; the 10th Annual Day was inaugurated by Minister of State Harsh Malhotra.
- The Minister said the IBC has strengthened credit discipline, improved the recovery climate and contributed to ease of doing business, and called for better adoption of emerging technologies, including AI.
- NCLT President Justice Anupinder Singh Grewal mentioned possible reform areas: revision in admission thresholds, use of mediation and sector-specific carve-outs.
- NCLAT Member Indevar Pandey noted that the Code has seen seven sets of amendments in ten years.
- IBBI Chairperson Jayanti Prasad: over 4,400 Insolvency Professionals and over 6,000 Registered Valuers.
- An annual publication, “Shaping the Next Decade of IBC: The Road Ahead”, was released.
हिंदी में सार
IBBI ने 1 अक्टूबर 2026 को भारत मंडपम, नई दिल्ली में अपना दसवाँ वार्षिक दिवस मनाया। राज्य मंत्री श्री हर्ष मल्होत्रा ने कहा कि IBC ने credit discipline मज़बूत किया है, वसूली का माहौल सुधारा है और ease of doing business में योगदान दिया है। IBBI अध्यक्ष के अनुसार अब 4,400 से अधिक Insolvency Professionals और 6,000 से अधिक Registered Valuers हैं। इस मौक़े पर “Shaping the Next Decade of IBC: The Road Ahead” प्रकाशन जारी हुआ; कोई नया नियम घोषित नहीं हुआ।
The occasion
The Insolvency and Bankruptcy Board of India (IBBI) celebrated its 10th Annual Day at Bharat Mandapam, New Delhi on 1 October 2026, marking ten years since it was established on 1 October 2016. The celebrations were inaugurated by Shri Harsh Malhotra, Minister of State for Corporate Affairs and for Road Transport and Highways, according to the Ministry of Corporate Affairs’ press release.
What the Minister said
In his inaugural address, the Minister observed that the Insolvency and Bankruptcy Code, 2016 has strengthened credit discipline, improved the recovery climate and contributed to the ease of doing business. He noted the Government’s commitment to keep the Code responsive to emerging needs, including through the recent legislative amendments, and urged all stakeholders to work towards faster and value-maximising resolutions in the decade ahead. He also highlighted the need for improved adoption of emerging technologies, including AI, in the IBC ecosystem.
Who said what
| Speaker | Points recorded in the release |
|---|---|
| Justice Anupinder Singh Grewal, President, NCLT | The role of the Adjudicating Authority; steps being taken to reduce delays in disposal of cases and recent improvements in speedier disposal of resolution plans. Areas of reform that may be considered: revision in admission thresholds, use of mediation, sector-specific carve-outs |
| Shri Indevar Pandey, Member, NCLAT | The evolution of insolvency jurisprudence over the decade. The Code has seen seven sets of amendments in the last ten years; amendments to the Code and regulations are being carried out in a timely manner. Timelines need to be respected by all stakeholders |
| Shri Ansuman Pattnaik, Additional Secretary, MCA | Policy reforms undertaken to strengthen the Code, including the Insolvency and Bankruptcy Code (Amendment) Act, 2026; key aspects of the amendment Act and areas for the next phase of reforms |
| Shri Jayanti Prasad, Chairperson, IBBI | The IBC has enabled substantial recoveries for creditors, rescued viable businesses across sectors and brought a lasting change in debtor–creditor behaviour. The ecosystem now comprises over 4,400 Insolvency Professionals and over 6,000 Registered Valuers |
Also at the event
- An annual publication, “Shaping the Next Decade of IBC: The Road Ahead”, was released.
- Winners of the 7th National Online Quiz on the Insolvency and Bankruptcy Code were felicitated.
- IBBI’s Whole Time Members Shri Sandip Garg and Shri Bhushan Kumar Sinha attended.
What to read into it
The release reports speeches; it does not announce any new rule, threshold or date. The reform areas mentioned by the NCLT President — admission thresholds, mediation, sector-specific carve-outs — are described as matters that “may be considered in coming times”, not as decisions. The release does not set out what the Insolvency and Bankruptcy Code (Amendment) Act, 2026 provides. Creditors, corporate debtors and insolvency professionals should wait for the notified text of any change before acting on it.
Questions and answers
When was IBBI established?
On 1 October 2016. Its 10th Annual Day was held at Bharat Mandapam, New Delhi on 1 October 2026.
How many insolvency professionals and registered valuers are there?
IBBI’s Chairperson, Shri Jayanti Prasad, said the ecosystem now comprises over 4,400 Insolvency Professionals and over 6,000 Registered Valuers.
Did the event announce any change to IBC admission thresholds?
No. The NCLT President mentioned revision in admission thresholds, use of mediation and sector-specific carve-outs as areas of reform that may be considered in coming times. The release does not record any decision.
How many times has the IBC been amended?
Shri Indevar Pandey, Member, NCLAT, said the Code has seen seven sets of amendments in the last ten years.
Published 1 October 2026. Updated 6 October 2026. This report is for general information and is not professional advice. Read the source document before acting on it.