A Non-performing Code for Bad Debt*

Jun 29th 2021, C.P. Chandrasekhar and Jayati Ghosh

The Insolvency and Bankruptcy Code has been officially hailed as a powerful instrument to resolve defaulted corporate debt quickly and efficiently. But five years after the code was enacted, the evidence establishes that claim to be just a myth.

* This article was originally published in the Business Line on June 28, 2021.


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