The IBBI has realized the value of market-driven resolution which it has effectively pivoted towards. The timing of the notification of these amendments must also be appreciated. India is notoriously a slow insolvency jurisdiction, and such perceptions can seriously damage credit availability in markets.

The Kalyani Transco judgement has highlighted certain inefficiencies in the Code, calling for a revaluation of its provisions.

There is need for a legislative amendment to bring in consistency in the treatment given to security holders under a resolution plan.

Authors analyze the power of CoC to reconsider or review its approval in a case where the successful plan is pending the approval of AA.

The article addresses issues relating to flexibility given to COC and resolution professionals in the name of commercial wisdom under IBC.

The author foresees several ramifications of the SC judgment in Ebix v. Committee of Creditors of Educomp Solutions.

[Shubham Kumar is a student at Hidayatullah National Law University, Raipur.] The Insolvency and Bankruptcy Code, 2016 (IBC) has, within...

[Devansh Srivastava is a fourth-year student at NLIU Bhopal.] With the aim of resolving stressed assets in the economy, the Reserve Bank...