Former NITI Aayog CEO and India’s G-20 Sherpa, Amitabh Kant today said that the enactment of the Insolvency and Bankruptcy Code (IBC) has played a pivotal role in transforming India’s economy. Delivering the 8th Annual Day Lecture of the Insolvency and Bankruptcy Board (IBBI) in New Delhi, Mr Kant said that the IBC has brought in a culture of accountability and credit discipline. He added that it has reinforced the importance of debt repayment and brought NPAs to a historic low. Mr Kant has also called for a second generation of reforms in the IBC.