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IBC: Unknot The Bankruptcy Law, Don’t Suspend It
Addressing concerns on the potential of the IBC to deal with distressed businesses post the lockdown.
14 May 2020, 11:02 AM IST
In two articles written over a fortnight, we critiqued the union cabinet’s decision to suspend the Insolvency and Bankruptcy Code, 2016. We argued that the bankruptcy framework could be strategically used to help businesses that are facing distress due to the ongoing lockdown. We also made a case for setting up a government-sponsored fund to provide interim finance to businesses that seek to formally restructure their debt under the ...
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