<h1>RBI Governor Highlights IBC's Successes and Challenges; Calls for Group Insolvency Framework and Better Creditor Coordination.</h1> The Governor of the Reserve Bank of India discussed the impact and challenges of the Insolvency and Bankruptcy Code (IBC) at a conference. The IBC has facilitated the resolution of stressed assets, with 35% of cases seeing positive outcomes. However, delays in the process and significant haircuts on claims remain issues. The Governor emphasized the need for a group insolvency framework, a vibrant secondary market for stressed assets, and improved coordination among creditors. The IBC has led to a behavioral shift in creditors' negotiation power, but further improvements are needed to enhance its effectiveness.