Explains why Section 66 applications rarely succeed despite their power, highlighting systemic delays and gaps and outlining reforms needed to make accountability real.
Delayed forensic audits in insolvency cases reduce resolution value, discourage bidders, and increase liquidation risk, highlighting the need for timely, compliant investigations.
Examines whether India can adopt a Debtor-In-Possession system and concludes that only a selective or hybrid model is feasible given governance and oversight gaps.
PPIRP offers a rapid, low-cost alternative to traditional insolvency but adoption remains limited due to creditor consensus requirements, NCLT delays, and low MSME awareness.
Summarizes the major successes and persistent bottlenecks in India’s insolvency regime. Key takeaway: significant gains require targeted reforms in adjudication speed and digital infrastructure.
Explores upcoming digital shift in insolvency processes, highlighting AI, blockchain, and e-adjudication as core components of the future framework.
Liquidation is operationally and legally more complex than CIRP. Delays, missing records, low asset realisation, and statutory hurdles often impede timely closure.
A breakdown of major SC decisions tightening due diligence, limiting judicial interference, and redefining the finality of resolution plans under the IBC.
The IBC Amendment Bill, 2025 tackles delays and litigation in Sections 43–51 & 66 avoidance cases by clarifying timelines, data access, and recovery distribution. This reform ensures faster, more predictable CIRP and liquidation outcomes.
The next chapter of India’s insolvency regime is about to begin — and Insolvency Professionals (IPs) will be at the centre of it. The Insolvency and Bankruptcy Code (IBC) Amendment Bill 2025 is one of the most significant reform packages since the Code was introduced. With proposals on timelines, group insolvency, cross-border cases, enhanced accountability, pre-package […]
