By placing a next block in the marvelous creation on Corporate Insolvency, Sumant Batra has now stepped into a new path of building a Viksit pathway for India, by explaining the how’s and what’s of Insolvency and Bankruptcy Code. Coming straight to the topic the writer has defined this second edition as something that follows the scheme of IBC. Unlike, the first edition of the book this part gathers the views taken by NCLAT and NCLT in respect of various provisions of IBC.
The Insolvency and Bankruptcy Code has fundamentally transformed the corporate insolvency landscape in India, says Batra in one of his mentions of the book. From the historical aspect of the economic reforms to introducing the reader to the modern-day implementation of IBC, the essence of the book is divided into 4 essential parts.
Quick decode of the four-part framework of the book:
An impeccable history
The first part of the book lays the foundation with a historical lens on the evolution of the IBC. This section reflects on the IBC’s eight-year journey from 2016 to 2024, offering insights into its implementation, challenges, and impact.
It’s significance in the current scenario
The second part of the book dives into the present-day landscape of insolvency and resolution under the IBC. This section also offers a closer look at the institutions operating under the Code and how they function in practice.
Holds a fresh stand in the future
The third part of the book looks ahead, offering a forward-thinking perspective on India’s insolvency framework. Here, the author gazes into the future, presenting bold policy recommendations and strategic reforms aimed at supporting India’s vision of becoming a developed nation by 2047.
An insightful mic-drop
The fourth and final part offers a sharp wrap-up—33 crisp headnotes that distill the book’s key insights, ideas, and recommendations. Think of it as a helicopter view of the entire journey—concise, comprehensive, and perfect for quick reference.
What’s the hype about the book?
- Breaks down tough legal terms into simple ideas.
- Tells the full story of India’s debt law journey.
- Gives smart suggestions to improve India’s financial future.
- Ends with quick takeaways you can easily remember.
- Praised by top professors and universities.
- Your one-stop solution to all things related to insolvency.
In a rapidly evolving economic landscape, Sumant Batra’s second edition on Corporate Insolvency stands as a benchmark in legal scholarship and policy insight. With its structured narrative, real-world relevance, and forward-looking vision, the book not only decodes the IBC but also inspires a broader dialogue on India’s path to becoming a developed economy. A must-read for legal minds, policymakers, and anyone invested in India’s financial future.