Missing Revival for Recovery - Drawbacks in Standing Committee Report on IBC
Amay Bahri[i] Introduction The Parliamentary Standing Committee on Finance (‘the Committee’) has recently released a Report titled “Implementation of Insolvency Bankruptcy Code- Pitfalls and Solutions” (‘Report’) observing that the Insolvency Bankruptcy Code, 2016 (‘IBC’ or ‘the Code’) has deviated from its objectives and requires a structural change in design as well as implementation. The thrust of the observations of the Committee rely on the fact that there have been huge