<h1>Over 28,800 Insolvency Cases Resolved Pre-Admission Under IBC; E-Courts to Expedite Pending Cases</h1> The government reported that out of 40,943 applications filed under the Insolvency and Bankruptcy Code (IBC), 28,818 involving Rs 10 lakh crore were resolved before admission. The IBC, introduced in 2016, improved India's global insolvency resolution rank significantly. As of December 31, 2024, 12,351 cases were pending under the IBC. The government is implementing measures like e-courts to expedite case resolution. The World Bank's new B-Ready project, replacing the Doing Business rankings, will assess India's business environment, with a report expected in September 2026. The IBC has been crucial in enhancing India's business climate.