India’s Insolvency Future Unveiled: Justice A.K. Sikri Releases Sumant Batra’s Road to Viksit Bharat

A distinguished panel of jurists, economists, and policymakers gathered on 11 July 2025 to celebrate the release of the second edition of Sumant Batra’s landmark book, Corporate Insolvency: Road to Viksit Bharat, published by EBC. Building on the success of his 2017 work, the updated edition charts India’s insolvency journey across three pivotal phases:

  • The pre-IBC era,
  • The present state of the law, and
  • A forward-looking vision to 2047.
11 July 2025 – A Milestone Moment in Legal Reform
Justice A.K. Sikri: “A Vision Document for India’s Economic Goals”

“There is no parallel to Batra in this domain. His work has been pivotal to India’s progress.”

Justice A.K. Sikri, former Supreme Court Judge and now International Judge at the Singapore International Commercial Court, formally launched the book. Having penned the foreword, he praised the work as “phenomenal,” stating: It’s not just a statutory analysis, but a vision document — one that rightly links corporate insolvency with India’s broader economic goals.


Justice Ashok Bhushan, Chairperson of the NCLAT and former Supreme Court Judge, joined the chorus of praise:

“This book is more than scholarship; it is memory, blueprint, and moral compass.”

He called it essential reading for legal professionals, policymakers, regulators, and economists alike.


Justice Ashok Bhushan: A Moral Compass for India’s Insolvency Regime
Amitabh Kant: “A Bible in the Field”

Former G20 Sherpa and CEO of NITI Aayog, Amitabh Kant, referred to the IBC as a “big bang reform” and lauded the book as: A vision document for 2047.

He added:

“To become a $35-trillion economy by 2047, India needs fast, mission-driven mechanisms to resolve commercial disputes — and IBC is at the core of that vision.”


“Rooted in the architecture of creative destruction.”

Sanjeev Sanyal, Member of the Prime Minister’s Economic Advisory Council and early collaborator with Batra on IBC implementation, appreciated its role in documenting the institutional memory of one of India’s most consequential reforms and highlighted Batra’s vision of India as a future global restructuring hub.


Sanjeev Sanyal: Documenting Institutional Memory of a Landmark Reform
Sumant Batra on the Nine-Year Journey and Key Achievements

In a conversation moderated by former NCLAT Member – Shreesha Merla, Batra explained the nine-year gap between editions:

“I waited for jurisprudence to evolve to a point where it could be meaningfully documented.”

He pointed to major achievements such as:

  • Successful implementation of a complex reform
  • Stabilisation of the banking sector
  • Creation of the Insolvency and Bankruptcy Board of India (IBBI), a regulatory model with few global equivalents

Corporate Insolvency: Road to Viksit Bharat — A Manifesto for India’s Economic Future

This book is more than a retrospective on legal reform. It is a forward-facing manifesto for an India that aims to:

  • Lead globally through sound economic architecture
  • Build modern institutions
  • Foster inclusive growth

A copy of the book can be purchased here.

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