Ministry of Corporate Affairs
IICA hosts important session on ‘IBC as an Evolving Law Through the Amendments’,.
PrelimsMainsGS3GovernanceEconomy
Source-grounded summary
The Indian Institute of Corporate Affairs (IICA), Manesar, hosted a session on 'IBC as an Evolving Law Through the Amendments' under its 'Meet the Legend' programme. The session featured Dr. M.S. Sahoo, former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI). Discussions centered on the dynamic evolution of the Insolvency and Bankruptcy Code (IBC) through successive amendments, regulatory developments, and economic experimentation. Speakers noted that markets evolve faster than litigation, rendering subordinate legislation and regulatory mechanisms crucial instruments for responding to emerging market realities and practical challenges.