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The Economic Times

Opinion / The Economic Times

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Fix the ABC of IBC: Why we should re-engineer the bankruptcy code further

The recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of transparency, subjective selection criteria for cherry-picking a winning bid as well as the possible conflict of interest of the committee of creditors. After a decade of IBC, its time to empower the resolution professional and make bidding simple and transparent.

27 May 2026 11:28 pm