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ARTICLE · 10 JANUARY 2023

The IBC & The Sea-Link

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As I drive across Mumbai this morning for a meeting, I cross the Sea Link.

IndiaInsolvency/Bankruptcy/Re-Structuring
Bahram N Vakil
Bahram N Vakil
Nilang Desai
Nilang Desai
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As I drive across Mumbai this morning for a meeting, I cross the Sea Link. This sea bridge offers an alternative route to traverse the city's midsection. Its detractors say it doesn't really reduce traffic, that its infrastructure could have been better, that its entry and exit points can be improved, that it is not being used enough and that changes are needed for it to remain relevant. It occurred to me that the IBC's detractors voice similar complaints!

Changes are certainly needed. Before that, a word of encouragement. The IBC was introduced to help change credit culture, to enable the restructuring of companies (in a short timeline) and to free up the flow of credit, productive assets and jobs.

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