Navigating The Choppy Waters Of India’s Solvency And Bankruptcy Code

Introduction The Insolvency and Bankruptcy Code, 2016 (referred to as IBC or the Code) is India’s bankruptcy law, designed to consolidate the existing framework by creating a comprehensive statute for handling insolvency and bankruptcy cases. The introduction of IBC aimed to completely overhaul India’s financial distress resolution system, as the prevalence of Non-Performing Assets and debt defaults was on the rise, and earlier loan recovery mechanisms like Lok Adalats, Securitization and...