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    <title>Govt says 28,818 insolvency applications involving Rs 10 lakh cr resolved under IBC</title>
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    <description>The document reports extensive pre admission resolution under the Insolvency and Bankruptcy Code (IBC), substantially reducing formal insolvency caseloads, and identifies causes of tribunal pendency - case complexity, interlocutory applications, higher court stays, stakeholder cooperation and adjournments. It records government measures to expedite disposal, including e court and hybrid court projects, capacity building, infrastructure enhancements and filling vacancies. It also describes procedural protections for homebuyers through tower to tower resolution and possession safeguards during proceedings, and situates these reforms in the context of international benchmarking via the World Bank&#039;s B Ready assessment.</description>
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