By Vibhav Mishra
The Insolvency and Bankruptcy Code (IBC), introduced to address deficiencies in earlier laws like the Sick Industrial Companies Act and the Companies Act, promised a revolutionary framework for company revival, reorganization, and debt resolution. However, eight years since its inception, the IBC faces significant implementation challenges, raising questions about whether it is a corporate tool or a corporate challenge.
Challenges In Implementation
While the IBC aims to balance the interests of stakeholders and promote entrepreneurship, issues such as judicial delays, slow repayment rates, significant haircuts, and regulatory ambiguities have hindered its effectiveness. Alarmingly,…
