CA. Charanjot Singh Nanda
The President, ICAI
In today’s fast-evolving economic landscape, where business cycles are becoming more volatile and financial risks more complex, the ability to resolve corporate distress efficiently and fairly has become a strategic imperative for national economies. As countries strive to attract global investment and ensure economic stability, robust insolvency and valuation frameworks are no longer optional—they are foundational. Recognizing this, India introduced the Insolvency and Bankruptcy Code (IBC) in 2016, a landmark reform that redefined how financial failure is addressed. Over the years, the IBC has not only provided a transparent and time-bound mechanism for resolution but has also positioned India as a rising force in the global discourse on insolvency and restructuring. Its evolution continues to be marked by regulatory innovation, professional capacity building, and judicial consolidation.
CA. Prasanna Kumar D
The Vice-President, ICAI
The landscape of insolvency and valuation has evolved dynamically in recent years. Coupled by the profound impact of the Insolvency and Bankruptcy Code of 2016, its resounding success in fostering economic stability has been remarkable, bolstering confidence within the business ecosystem and its stakeholders. The Code which seamlessly encapsulates the different frameworks on insolvency is a one-stop solution for companies in distress. As per the annual report 2022-23 of IBBI, as a percentage of admitted claims, realisation by creditors has increased to 36% in 2022-23. Overall, resolution plans have yielded 169% of liquidation value and 84% of fair value for creditors. The above-stated statistics are reflective of the fact that IBC has not only enhanced the operational efficiency but has also built the blocks for a economically empowered ecosystem of the nation.
CA. Gyan Chandra Misra
Chairman, ICAI
The Insolvency and Bankruptcy Code (IBC), enacted in 2016, has firmly established itself as a transformative pillar of India’s economic and financial architecture. Over the years, with six comprehensive amendments and over 120 regulatory updates, the IBC has evolved into a dynamic and responsive framework capable of addressing the complexities of modern insolvency scenarios. This adaptability has not only strengthened creditor rights and enhanced recovery mechanisms but has also positioned India as a progressive jurisdiction in the global insolvency and restructuring landscape. Recent improvements in large-case recoveries and institutional reforms underscore the growing maturity of the ecosystem.
CA. Rajesh Sharma
Vice-Chairman, ICAI
It is with profound honour and great pleasure that I extend a cordial invitation to distinguished professionals, thought leaders, and key stakeholders to participate in the 3rd edition of the International Convention on Insolvency Resolution and Valuation–RESOLVE – 2025 organised by the Insolvency & Valuation Standards Board and hosted by WIRC of ICAI.
