Cases such as Jaypee Infratech Ltds which involved 50,000 homebuyers, set off a discussion on whether IBC needs to be amended to give special treatment to certain classes of creditors such as homebuyers. Photo: Hindustan Times
The Insolvency and Bankruptcy Code has now been in force for more than a year and given its ambitious objectives and impact, it continues to make front-page news. Here, we examine three important themes that are developing in relation to the code, and look at the directions that the law may take on these fronts.
The interaction between insolvency law and other laws
As is the case with other laws relating to debt resolution, such as SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of S…
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