The Insolvency and Bankruptcy Board of India (IBBI) marked its Ninth Annual Day on 1st October 2025 with a distinguished gathering of eminent dignitaries and key stakeholders from the insolvency ecosystem. Hon’ble Justice Ashok Bhushan, Chairperson of the National Company Law Appellate Tribunal (NCLAT), graced the occasion as the Guest of Honour.
Reflections and Future Directions
Justice Ashok Bhushan praised the remarkable achievements of the Insolvency and Bankruptcy Code (IBC) over nine years while emphasizing the challenges ahead to ensure its continued success. He called for augmenting institutional capacity, enhancing value realization through competitive bidding, and promoting wider adoption of innovative platforms. He lauded IBBI’s proactive regulatory approach, extensive stakeholder engagement, and meticulous research underpinning evidence-based policies. Stressing continuous innovation, capacity building, and strategic use of technology, he underscored the importance of expeditious resolutions to strengthen the insolvency framework.
Annual Day Lecture Contributions
The Annual Day Lecture Series featured addresses by Ms. Deepti Gaur Mukerjee, Secretary, Ministry of Corporate Affairs, and Shri M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance. Ms. Mukerjee commended IBBI’s vigorous efforts in releasing over 90 discussion papers and facilitating public consultations to shape the insolvency regime inclusively. She highlighted ongoing reforms in legislative and institutional frameworks, equipping the ecosystem to face economic complexities resiliently.
Shri Nagaraju expressed satisfaction with the accelerated pace of insolvency resolutions and stressed refining processes for timely resolution, maximizing creditor recovery, and balancing stakeholder interests. He emphasized sustained capacity building, technology adoption, and regulatory innovation to boost efficiency.
Welcome Address and Institutional Strength
Shri Ravi Mital, welcoming the audience, reflected on IBC’s transformative journey, which enhanced credit discipline, creditor rights, and recoveries. He noted the proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which envisions further reforms focusing on transparency, accountability, and efficiency. India’s robust institutional framework, including over 4,000 Insolvency Professionals, 6,000 Registered Valuers, and 100 Insolvency Professional Entities, was highlighted as a globally respected ecosystem.
Publication Release
To commemorate the occasion, IBBI released its seventh annual publication titled “Breaking New Ground: IBC’s Role in Building a Resilient Economy,” documenting key milestones and insights.
Participation and Acknowledgments
The event was attended by government officials, insolvency professionals, industry experts, creditors, debtors, business leaders, and academicians. Whole Time Members of IBBI including Shri Jayanti Prasad, Shri Sandip Garg, and Shri Bhushan Kumar Sinha were also present. The celebration underscored the collective commitment to strengthening India’s insolvency laws and institutional capacities.
Conclusion: Insolvency and Bankruptcy Board
The Ninth Annual Day of the Insolvency and Bankruptcy Board of India marks a significant milestone, reaffirming its pivotal role in shaping a resilient and efficient insolvency framework. The reinforced focus on reforms, technology, and stakeholder engagement sets the path for sustainable economic growth and improved creditor-debtor relations.
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Source: PIB
