Best of BS Opinion: Have our institutions responded adequately to frauds?

From trade trouble to future demographic shocks, here are the best of Business Standard Opinions for the day

Fraud and repayment failures appear to be the flavour of the financial news these days. The system is still reeling from the IL&FS and Dewan Housing mega-failures only for wind power major Suzlon to default on a $172 million bond issue and Punjab and Sind Bank to report a Rs 238 crore fraud involving Bhushan Power. Zee and Jet are still struggling to find buyers. Cases are stuck in the insolvency process. What’s next? Is India Inc in for a bigger shakeout than we’ve bargained for? And have our institutions responded adequately? The Insolvency and Bankruptcy Code, for one, was