The Insolvency and Bankruptcy Code, 2016, was enacted to streamline and simplify the resolution of insolvency cases in India. Prior to the IBC, the insolvency regime in India was fragmented, involving various laws like the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and the Companies Act, 201... https://www.sarafpartners.com/restructuring-and-insolvency-laws-in-india/