Q#71 - IBC Daily - 28 September 2026 The IBC has shifted to default regime. This means: Default of loan is a sufficient condition to trigger insolvency resolution process against a corporate debtor. Period. Default of loan is a sufficient condition to trigger insolvency resolution process against a corporate debtor, if the corporate debtor is at fault Default of loan is a sufficient condition to trigger insolvency resolution process against a corporate debtor, if the both the corporate debtor and creditor are at fault Default of loan is a sufficient condition to trigger insolvency resolution process against a corporate debtor, irrespective if the corporate debtor is at fault Your answer was Sign in × See See Swiss Ribbons Pvt Ltd v Union of India AIR 2019 SC 739.