The average time for resolution under the Insolvency & Bankruptcy Code (IBC) in India has reached a three-year high, according to India Ratings & Research (Ind-Ra). Data from the Insolvency and Bankruptcy Board of India (IBBI) shows that the average time for a corporate insolvency resolution process (CIRP) has increased to 635 days for operational creditors and 643 days for financial creditors, exceeding the 270-day limit set by law.
