The Misuse Debate: Is the IBC Becoming India’s Fastest Debt Recovery Tool?
India’s Insolvency and Bankruptcy Code, 2016 (IBC) was designed around a fundamental idea: insolvency law should rescue viable businesses, maximise value and provide a structured process for dealing with financial distress. Yet, a different use of the Code has increasingly come into focus. Creditors, particularly operational creditors, sometimes invoke insolvency proceedings not because a company […]