Two American professors, Kenneth Ayotte and David Skeel, recently expounded in an opinion piece in Wall Street Journal why there is a need to flatten the bankruptcy curve as businesses reel from the aftereffects of the pandemic. A surge in pandemic-triggered insolvency and bankruptcy cases are expected in India in the post-lockdown period. Experts, however, feel just suspending initiation of new cases for a certain period is not enough to safeguard the IBC framework from the onslaught of pandemic-related cases.
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First Published: Sun, April 19 2020. 18:16 IST