Indias Insolvency and Bankruptcy Code has promised to completely transform the countrys insolvency resolution regime. Jyoti Singh analyses the key judicial decisions under the Code.
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As far as the introduction of new laws in India is concerned, the Insolvency and Bankruptcy Code, 2016 (Code) is second to none in the discussion, excitement and media interest that it has generated since the time it has been legislated. Its framers professed that it would radically alter the debt restructuring and debt recovery landscape of the country, and bring the framework of insolvency resolution on par with developed countries. While it may be too early to gauge whether the Code lives up to its objec…
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