The billionaire shakedown: How India changed its 'default' settings
- Posted on May 29, 2026
- By Business News Today
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- 1 min read
The billionaire shakedown: How India changed its 'default' settings
India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress.
