MENU
10 Years of the IBC

In 2026, it will be ten years since the Indian Insolvency and Bankruptcy Code (the IBC) was enacted. This milestone offers an opportunity to reflect on what the law has achieved—what was envisioned at its inception, and where we stand today.


Over the past decade, the IBC has reshaped India’s credit landscape, influencing how firms, creditors, and markets respond to financial distress. This conference brings together policymakers, regulators, practitioners, and researchers who have engaged with the IBC and the broader credit market ecosystem, to take stock of its journey and discuss the road ahead.


If you are interested in attending, please contact outreach@xkdr.org.

Type
Conference
Date
07 - 08 Nov 2025
Time
09:00 AM
Where
Boundary Hall, MCA Bandra Club, Mumbai
Agenda
09:00 - 09:30

Welcome and Introduction  

Susan Thomas, XKDR Forum

09:30 - 10:15

What faltered in getting full data visibility on information on the parties, processes, and outcomes under the IBC?

Anjali Sharma, Independent

Discussant: Ajay Shah, XKDR Forum

10:15 - 11:00

The Insolvency Professional Dilemma: Process Follower or Implementor of the Law?  

Abizer Diwanji, NeoStrat Advisors 

Discussant: Jayesh Sanghrajka, Incorp Restructuring Services

11:00 - 11:15

Break

11:15 - 12:00

NCLT as the Insolvency Adjudicator  

Pavithra Manivannan, XKDR Forum  

Discussant: Surya Prakash B.S., DAKSH

12:00 - 12:45

IBC at the Supreme Court  

Renuka Sane, TrustBridge Rule of Law Foundation

Discussant: Aparna Ravi, S&R Associates  

12:45 - 13:25

Lunch

13:25 - 14:10

Do Firm Factors Affect the Type of Disposal under the IBC?  

Sanjuktha Athreya and Susan Thomas, XKDR Forum  

Discussant: Manish Singh, IIT Roorkee

14:10 - 15:20

Panel: Certainty and Predictability under the IBC  

Moderator: Aparna Ravi, S&R Associates 

15:20 - 15:30

Tea/Coffee

09:30 - 10:15

Linkages Between Bankruptcy Law Implementation and Banking Regulation in India: Challenges to Early Stress Recognition

Anjali Sharma, Independent and Rajeswari Sengupta, IGIDR

Discussant: Bhargavi Zaveri-Shah, The Professeer

10:15 - 11:00

Alternatives to the IBC: Schemes of Arrangement and Out of Court Restructuring

Umakanth Varottil, NUS Law and Aparna Ravi, S&R Associates

Discussant: Karan Gulati, Independent

11:00 - 11:15

Break

11:15 - 12:00

Has the IBC Generated Stable Jurisprudence? The Perspective of Resolution Applicants

Debanshu Mukherjee, Vidhi Centre for Legal Policy

Discussant: Pratik Datta, Shardul Amarchand Mangaldas & Co

12:00 - 12:45

The Experience with NBFC Resolution

Anoop Rawat and Pratik Datta, Shardul Amarchand Mangaldas & Co

Discussant: Suharsh Sinha, AZB & Partners

12:45 - 13:25

Lunch

13:25 - 14:10

Dealing with Cross-Border Insolvency

Risham Garg, NLU Delhi

Discussant: Sumant Batra, Independent

14:00 - 15:20

Panel: IBC and the Credit Market Ecosystem — Incentives, Information, Outcomes

Moderator: Anjali Sharma, Independent

15:20 – 15:30

Break

15:30 - 16:00

Open Discussion: Way Forward on the IBC