• Financial & Insolvency Law

    Frequent Amendments to the IBC: Playing Catchup at the Cost of Stability

    The Insolvency and Bankruptcy Code, 2016 (“IBC”) has been the talk of the business and legal world since its inception. It is touted as the primary reasons for India’s rise in the Ease of Doing Business ranking from 130 to 63 in the span of 5 years. Owing to its relationship to the economy and commerce, the government has been incredibly proactive in tweaking with yearly amendments. However, what has been lost is the certainty of the process that is a fundamental pillar of a strong insolvency resolution framework. The waters are further muddied by over-liberal feel-good addendums to matters of commerce that erode from the ambitious objects under the…