<h1>RBI Deputy Governor Highlights IBC's Impact on Creditor-Debtor Dynamics and Calls for Comprehensive Insolvency Approach at Conference.</h1> The Deputy Governor of the Reserve Bank of India addressed the International Research Conference on Insolvency and Bankruptcy, highlighting significant changes in India's approach to resolving stressed assets. The Insolvency and Bankruptcy Code (IBC) has transformed creditor-debtor relations by prioritizing creditor control over debtor possession. Key principles include prioritizing going concern status, ensuring timely resolutions, and protecting creditor interests. The IBC has improved recovery rates compared to liquidation, although delays in insolvency application admissions remain a concern. The RBI emphasizes early recognition of defaults and advocates for a comprehensive approach to insolvency, including group resolutions and pre-packaged processes.