The introduction of the Insolvency and Bankruptcy Code (IBC) in 2016 was a ‘watershed’ moment in India, its success aided by swift legislative interventions by the government to ensure that the code evolved to address legal and practical challenges in its implementation. The latest proposals by the Ministry of Corporate Affairs advance the same philosophy by suggesting sweeping changes. By our Partner (Chair – Finance, Projects & Insolvency) L. Viswanathan and Partner Madhav Kanoria. (Photo Credit: Live Mint)
