Has the new bankruptcy law been effective in resolving banks’ bad loan mess?

The Insolvency and Bankruptcy Code was enacted about two years ago, but many of its provisions have been criticised by bankers, investors and company promoters. On its part, the government has amended several provisions of the IBC to fine-tune the law and plug the loopholes. Has that been enough to reduce the pile of bad loans? And what more is required to be done? Top executives from private equity firms, advisory firms and law firms discussed the issues related to the IBC at the VCCircle Stressed Assets Investment Summit in Mumbai last week. Watch the video for more.

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