The Insolvency and Bankruptcy Code’s effectiveness depends on speed. An adjudicatory body devoted entirely to insolvency is a necessity and not an embellishment
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Nearly a decade after the Insolvency and Bankruptcy Code ushered in a new era of creditor rights and time-bound resolution, it is time to reassess the institutional machinery that sustains it. The Code reshaped commercial expectations, influenced lending behaviour, and created a structured pathway for resolving financial distress. Yet the effectiveness of any legal framework ultimately depends on the quality and capacity of the forum that applies it. It is in this context that the…