<h1>Insolvency resolution reforms accelerate creditor-led recovery while barring wilful defaulters from the process.</h1> The legal and procedural framework for recovery has been strengthened through the Insolvency and Bankruptcy Code, 2016 and amendments to the Banking Regulation Act authorising the central bank to direct initiation of insolvency resolution, a creditor led regime excluding wilful defaulters and placing interim control with resolution professionals; complemented by SARFAESI amendments, additional debt recovery tribunals, bank operational reforms and recapitalisation to enable active recovery and deterrence.