Let’s take stock of India's Insolvency and Bankruptcy Code: is it aligned with the economy’s interests?
· livemint.com
With the IBC completing 10 years of existence this year, it's a good time for policymakers to evaluate how well it serves the economy today. Three structural aspects deserve scrutiny, and Section 29A requires a reset to guard against its dampening effect on the deployment of risk capital.
On the contrary, high-net-worth individuals (HNIs), a tiny segment of the population that can undertake capex, have been migrating from the country. According t...