News & Media 8th Jun 2026

5 ways IBC transformed India’s corporate rescue system over the past decade

Authors

Mukesh ChandSenior Counsel | Mumbai

Latest Thought Leadership

Alerts & Updates 8th Oct 2026

EXEMPTION FROM THE REQUIREMENT OF MANDATORY MERCHANT BANKER APPOINTMENT FOR DEBT ISSUED THROUGH PRIVATE PLACEMENT BY CERTAIN LISTED ISSUERS

Read More
international trades
Alerts & Updates 30th Sep 2026

BIS Update: Temporary Suspension of the Linear Alkyl Benzene Quality Control Order

Read More
Alerts & Updates 25th Sep 2026

Key decisions taken in the SEBI Board Meeting dated 24th September 2026

Read More
international trades
Alerts & Updates 24th Sep 2026

ELP Sanctions Update – Foreign Sanctions and Contractual Obligations: Delhi High Court Directs Resumption of SAP Support Services to Nayara Energy

Read More

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.

Read the article here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.