Supreme Court Upholds IBC's Focus on Speed Amid Ongoing Insolvency Resolution Delays

The Supreme Court emphasized that the Insolvency and Bankruptcy Code (IBC) prioritizes speed, certainty, and creditor-driven decisions over extensive judicial review to prevent delays and strategic litigation. However, reports highlight that procedural complexities and limited National Company Law Tribunal (NCLT) capacity have led to prolonged resolution times, with many cases pending for years. While creditor rights and recovery rates have improved, delays and litigation challenges continue to affect the effectiveness of the insolvency regime in India.