Bankruptcy Law Reforms Committee (BLRC)

The Bankruptcy Law Reforms Committee (BLRC) was established in India to review and recommend improvements to the country's insolvency and bankruptcy laws. Its goal is to create a more efficient, transparent, and effective framework for resolving insolvencies of businesses and individuals. By streamlining procedures and aligning with international best practices, the BLRC aims to facilitate quicker recoveries for creditors, promote fairness, and support economic growth. Its recommendations have significantly influenced reforms like the Insolvency and Bankruptcy Code, 2016, which modernizes insolvency resolution processes in India.