Dear Readers,

IBC Act has not been serving its purpose. While distressed companies are suffering and banks prefer
to take abnormally high haircuts, few are getting benefitted by having windfall wealth with minimum
efforts and at the same time many entrepreneurs who had used their own and their families’ capital to
set up enterprises are not only suffering but also facing survival issues. Joseph Stiglitz, Nobel prize
winner for Economics, had said “Global and nations’ trade and wealth will be in the hands of few”.
IBC is leading to that. Policies should be sustainable, equitable and for democratic growth.