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Govt mulls IBC operational overhaul as experts push AI and virtual creditor meetings
Business
Published on 24 April 2026
IBC changes could outlast the pandemic with AI
India’s government is considering operational changes to the Insolvency and Bankruptcy Code after an expert panel’s recommendations. The panel urges broader use of digital tools— including virtual meetings of the committee of creditors and deployment of AI—arguing they save time and can remain even once normal operations fully resume.
- Expert panel recommends wider digital use in IBC processes
- Virtual meetings of committees of creditors may become mainstream
- AI deployment is suggested to improve speed and efficiency
- Changes are considered even after a return to normalcy
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times