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Podcast: businessline's State of the Economy Podcast
Episode: Theme: Law | IBC 2.0: Why reforms to the Insolvency and Bankruptcy Code are the need of the hour
Description: The Insolvency and Bankruptcy Code (IBC), enacted in 2016, aimed to streamline and expedite the insolvency resolution process in India. While the IBC has undoubtedly brought significant reforms to the insolvency landscape, its implementation has not been without challenges. BL State of the Economy podcast focuses on IBC 2.0 and highlights what areas need the attention of policymakers. One of the major challenges has been the legal interpretations and precedents. This is besides the primary challenge of the lack of adequate operational infrastructure. The IBC introduced a comprehensive legal framework for insolvency and bankruptcy proceedings. However, the in...