**Executive Summary**
This document contains answers to questions regarding the Insolvency and Bankruptcy Code (IBC). It details the status of proposed amendments, the number of resolved corporate debtors, the progress of the Integrated Digital Platform (iPIE project), and the consideration of performance benchmarks for digital case management. The Select Committee report on the IBC (Amendment) Bill, 2025 was received on 17.12.2025, and its recommendations are under consideration.
**Key Points / Main Content**
* **IBC Amendment Bill, 2025**
* Introduced in Lok Sabha on 12.08.2025.
* Referred to the Select Committee of Lok Sabha for further examination.
* The report of the Select Committee has been received on 17.12.2025.
* Recommendations of the Select Committee are under consideration by the Ministry of Corporate Affairs.
* **Corporate Debtors Resolution**
* 1,376 corporate debtors have been resolved under IBC/Code till 31 December 2025.
* Creditors have realised nearly Rs.4.11 lakh crore.
* The realized amount is 171.54% of the liquidation value.
* **Integrated Platform for IBC Ecosystem (iPIE project)**
* The process of selecting the System Integrator (SI) is ongoing.
* The design of iPIE takes into consideration processes and timelines prescribed in the Code.
**Impact Analysis**
**Ministry of Corporate Affairs**
* **Impact:** Responsible for reviewing and implementing recommendations from the Select Committee regarding the IBC (Amendment) Bill, 2025. Overseeing and managing the iPIE project.
* **Action Required:** Continue the review process of the Select Committee recommendations and manage the ongoing selection of System Integrator (SI) for the iPIE project.
**Corporate Debtors and Creditors**
* **Impact:** Affected by the resolution processes under the IBC/Code.
* **Action Required:** Participate in the resolution process where applicable.
**System Integrator (SI)**
* **Impact:** Potential candidate for the iPIE project.
* **Action Required:** Participate in the selection process.
Key Entities Referenced
Insolvency and Bankruptcy Code (IBC): The primary subject of the document, related to insolvency resolution.
Ministry of Corporate Affairs: The ministry responsible for matters related to the IBC.
Insolvency and Bankruptcy Code (Amendment) Bill, 2025: Proposed amendments to the existing IBC.
Integrated Digital Platform for the IBC Ecosystem (iPIE project): A digital platform intended to enhance the IBC ecosystem.
Lok Sabha: The house where the Amendment Bill was introduced and referred to a select committee.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 255
ANSWERED ON MONDAY THE 2nd FEBRUARY, 2026/ MAGHA 13, 1947 (SAKA)
INSOLVENCY AND BANKRUPTCY CODE (IBC)
QUESTION
255. Shri P C Mohan:
Dr. Hemant Vishnu Savara:
Shri Tejasvi Surya:
Shri Vishnu Dayal Ram:
Smt. Kamaljeet Sehrawat:
Shri Anil Firojiya:
Shri Bhartruhari Mahtab:
Will the Minister of CORPORATE AFFAIRS be pleased to state:
(a) the present status of the proposed amendments to the Insolvency and Bankruptcy
Code (IBC), including reforms relating to group insolvency and cross-border insolvency;
(b) the total number of insolvency resolution plans approved under the Code till date
and the aggregate amount realised by creditors as compared to liquidation values;
(c) the present status of the Integrated Digital Platform for the IBC ecosystem and the
expected timeline for onboarding the System Integrator; and
(d) whether the Ministry proposes to introduce performance benchmarks or statutory
timelines for digital case management under the IBC and if so, the details thereof?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS AND MINISTER OF
STATE IN THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS
[SHRI HARSH MALHOTRA]
(a): The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 (the Bill) was
introduced in the Lok Sabha on 12.08.2025 and referred to the Select Committee of Lok
Sabha for further examination. The report of the Select Committee has been received on
17.12.2025. The recommendations of the Select Committee are under consideration by
the Ministry.
(b): Till 31 December 2025, 1,376 corporate debtors have been resolved under the
Insolvency and Bankruptcy Code (IBC/Code). The creditors have realised nearly Rs.4.11
lakh crore under approved resolution plans which is 171.54% of the liquidation value.
(c): The process of selecting the System Integrator (SI) for the Integrated Platform for
IBC Ecosystem (iPIE project) is ongoing.
(d): The design of iPIE system takes into consideration processes and timelines
prescribed in the Code, along with the rules, regulations, and subsequent amendments
thereunder.
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