News & Media 8th Jun 2026
Our Partner, Mukesh Chand shares his insight in The Times Of India, “Government may protect bank deposits upto Rupees 7.5 lakh .”
He highlights that the most significant change post IBC is shifting of control into the hands of banks. In the previous regime, be it RBI Schemes or BIFR, the banks were mostly at receiving end. However, with advent of IBC, through the powers conferred for initiation and control on the process through CoC, the banks now control the resolution process. Thus, now viable business could be resolved by the banks within the RBI framework and if things do not work out, then under IBC process, both these processes are largely within control of banks. Success of the IBC resolution process is largely centred around the value in the business of the debtor. The successful resolutions such as Essar Steel, Bhushan Steel, Electrosteel, DHFL and others show that resolution works best where the business has underlying value and viability.
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