The Insolvency and Bankruptcy Code, 2016 (IBC) provides a market mechanism for reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. It is one of the deepest economic reforms of India in recent years.
The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers.
To promote awareness and understanding of the IBC among various stakeholders across the country, the IBBI organised the 6th National Online Quiz on Insolvency and Bankruptcy Code, 2016 in collaboration with MyGov and BSE Investors Protection Fund from 15th July 2025 to 15th August 2025. The quiz received 26,904 enthusiastic participation from citizens across India, reflecting their growing interest in learning about IBC.
