This piece argues that the manner in which Section 240C has been drafted is more than just an ordinary administrative delegation and can lead to the delegation of the essential legislative function.

The JetAirways proceedings illustrated a legal vacuum which is yet to be addressed.

Zombie companies drain capital from healthy firms and undermine policy tools. India's shift toward strict enforcement is beginning to bear fruit, but ongoing vigilance, strict identification of NPs, strong insolvency procedures, and a strong banking culture are required to prevent credit from pushing zombies rather than innovation.

It is argued that the SC could have explored other possible remedies, such as sending the resolution plan back to CoC to remedy the non-compliances and imposing penalties on responsible entities.