NCLAT’s Imagination – Laudable or Unpalatable?
BY Aradhana Ohri |
India’s Insolvency and Bankruptcy Code (IBC), introduced in 2016, has certainly provided a lifeline to struggling companies. However, while its effectiveness is undeniable, one can see that the IBC does not distinguish between businesses, or adapt its remit to the unique needs of certain sectors. Is this equal treatment acceptable, or must the IBC trans-form into a sector-specific law, consider the ground realities and concerns of all stakeholders?