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Flattening the bankruptcy curve: Why IBC cases may surge post-lockdown

Shroff is in favour of introducing a new chapter to the Insolvency and Bankruptcy Code (IBC) with temporary provisions

Bankruptcy | Insolvency and Bankruptcy Code | Coronavirus

Sudipto Dey 

Illustration: Binay Sinha
illustration: Binay Sinha

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 curve as businesses reel from the aftereffects of the pandemic. A surge in pandemic-triggered insolvency and 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