In 2016, the Insolvency and Bankruptcy Code (for short "the code") was enacted in order to consolidate and strengthen debt recovery mechanism and resolving insolvency by creditor-driven framework while maximizing the asset value. Now, the Code has completed a decade of its life and has evolved through various Amendments in 2018, 2019, 2020 and 2021. In 2026 learning from implementation challenges and judicial decisions the need for more amendments were felt which are briefly discussed in this short article.
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