Rescuing more, recovering less

The Insolvency and Bankruptcy Code, now in its 10th year, is perhaps India’s most consequential market reform for resolving corporate distress and reallocating resources from failed enterprises to more efficient hands. Since its inception, the code has resolved stress of more than 4,400 companies, rescuing around 1,400 through resolution plans and sending the rest into…

Rescuing more, recovering less

A company trapped in prolonged insolvency proceedings steadily loses customers, employees, contracts, suppliers and market relevance (Photo | AFP) The Insolvency and Bankruptcy Code, now in its 10th year, is perhaps India’s most consequential market reform for resolving corporate distress and reallocating resources from failed enterprises to more efficient hands. Since its inception, the code has…

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