Corporate Insolvency – The Road to Viksit Bharat

Corporate Insolvency - Law, Policy and Practice

“..This book elucidates the dynamic nature and intricate complexities inherent in the realm of corporate insolvency law within the jurisdiction of India. This discourse highlights the significant legislative and judicial milestones, while also bringing to light the less apparent yet equally important factors, including regulatory responses, the enhancement of institutional capacities, industry behaviours, and the phenomenon of global convergence.

The scholarship articulated within this work is characterised by its rigour, multi-dimensionality, and relevance to policy considerations. It is unequivocally anticipated that this will function as an indispensable resource for legislators, members of the judiciary, professionals in the field of insolvency, scholars, and stakeholders within the business community.”

—Justice A.K. Sikri

Former Judge, Supreme Court of India

Presently, International Judge,

Singapore International Commercial Court

..The book elaborately records the circumstances leading to the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC), intricately documents its over eight-year journey, and crystal gazes into the future and sets aspirations for next generation reforms needed to meet the lofty goal of Viksit Bharat. The book takes us, step by step, into all the legislative and regulatory changes made in eight years while analysing the factors demanding the amendments and changes. He discusses every significant decision of the Supreme Court and National Company Law Appellate Tribunal and their impact on IBC functioning.

Amitabh Kant

G20 Sherpa

I am very pleased to write a foreword for Sumant Batra’s new book Corporate Insolvency: The Road to Viksit Bharat, Law, Policy and Practice. An earlier version of the book was published at a time when the laws were brand new and untested, and the implications were unknown. Eight years later, much water has flown under the bridge… I am very pleased that Mr Batra has brought us up to date on this journey with this book. — Sanjeev Sanyal, Member, Economic Advisory Council to the Prime Minister

Book Details :-
Format: Hardback
Pages: 1440 pages
Publisher: Eastern Book Company
Language: English
Dimensions: 24.6 X 16.6 X 6.8 CM
Date Added: 2025-06-24
Jurisdiction: Indian

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...This book is going to be the most authoritative commentary on IBC. That apart it shall also be a source of wisdom to deal with many troubling issues that are faced today in the implementation of IBC.

Justice A.K. Sikri

Former Judge, Supreme Court of India; Presently, International Judge, Singapore International Commercial Court

…. Mr. Batra’s global imminence in the field of insolvency law is unparalleled. His deep involvement in shaping the insolvency reforms in India and his leadership in global insolvency organisations have made him a cornerstone in this field. The book is a reflection of his vision and commitment to advancing insolvency resolution in India and across the world….

Amitabh Kant

Former G20 Sherpa, Former CEO, Niti Aayog; Senior Advisor, Fairfax

….The book takes on a comprehensive view by looking at companies, distress and unavailability of funds for municipalities, linkages between climate change and insolvency law, MSMEs and individuals, while also factoring in the global environment and geo-political developments….

Sanjeev Sanyal

Member, Economic Advisory Council to the Prime Minister of India

….Mr. Batra distils years of experience and reflection into a compelling narrative. It presents a panoramic view of India’s evolving insolvency regime: its genesis, key challenges, and future trajectory….

Dr. M. S. Sahoo

Former Chairperson, Insolvency and Bankruptcy Board of India

….Sumant, as a past president of INSOL International, has long championed high standards in the insolvency industry and challenges current and future leaders in the field to commit to continue this important journey….

Alastair Beveridge

President, INSOL International; Managing Partner, AlixPartners, United Kingdom

….This book is many things-a history, a hornbook, a treatise, and a forward-looking call to action for continued development of insolvency law and related economic reforms to carry India towards its lofty and aggressive goals. It is of universal value and importance to anyone seeking to understand the economic history and objectives of this awakening financial giant, and an important contribution to the literature on comparative and cross-border insolvency everywhere….

Mark D. Bloom

Chair, International Insolvency Institute, Partner, Baker McKenzie LLP, United States

....In his new book, Sumant Batra-one of the world’s leading authorities on insolvency law - offers a fostering investor confidence, enhancing financial stability, and supporting the real economy in India…