Archive · 9 Aug 2025
Book Review: Insolvency Reforms for India's Economic Growth
A new book looks at how India can make its economy stronger.
It says that if businesses that are in trouble can be fixed quickly, it will help India's economy grow.
The book explains how India's laws about handling failing businesses have changed over time.
It suggests ways to improve how these laws work and make them better for the future.
The book also has ideas for dealing with new challenges like climate change.
Experts say this book gives important information for making smart choices about the economy.
Sumant Batra's book advocates for a robust insolvency regime tied to India's economic growth.
The book examines the history of insolvency and the evolution of the Insolvency and Bankruptcy Code (IBC).
It proposes reforms for the corporate insolvency resolution process, including improvements to NCLT and IBBI.
The book suggests policy recommendations such as municipal debt restructuring and addressing climate change impacts.
Former Supreme Court judge, Justice AK Sikri, and others praise the book for its insights and proposals.
- Who
- A book by Sumant Batra, reviewed by GP Madaan.
- What
- A book review on 'Corporate Insolvency—The Road to Viksit Bharat: Law, Policy and Practice'.
- When
- Published in 2024, referencing current economic projections.
- Where
- India
- Why
- To advocate for a strong insolvency regime to boost India's economic growth.
- Book Title
- Corporate Insolvency—The Road to Viksit Bharat: Law, Policy and Practice
- Author
- Sumant Batra
- Reviewer
- GP Madaan
- Publisher
- EBC
- Pages
- 1,440
- Price
- Rs 4,995
- India's GDP (projected)
- $7.3 trillion by 2030