The Evolving Landscape of Insolvency Law in India: Contemporary Issues and Policy Perspectives

Name: The Evolving Landscape of Insolvency Law in India
ISBN: 978-81-947620-7-2

doi:10.63108/VAB.IBL.1

Home/Books/The Evolving Landscape of Insolvency Law in India

Edited volume · Open access

The Evolving Landscape of Insolvency Law in India

Contemporary Issues and Policy Perspectives

Edited by Dr. Manoj Kumar Sharma and Mr. Gyan Prakash Kesharwani

Read book (PDF)Download Contents

Access: Open access
Licence: CC BY-NC 4.0
Chapters: 21
Pages: 386
Published: 2026

About this book

The Insolvency and Bankruptcy Code, 2016, set out to give India a consolidated, time-bound framework for resolving financial distress. Ten years on, the Code sits at the centre of Indian commercial law, and its hardest questions now arise at its edges: where debtors hold assets abroad, where disputes are already before arbitral tribunals, where enforcement agencies have attached the same property, and where the process itself can be turned to unfair ends.

The essays in this volume arise from the International Conference on insolvency law organised by the Insolvency and Bankruptcy Law Division of Rajiv Gandhi National University of Law, Punjab. They examine pre-packaged insolvency for MSMEs and the risks of fraud and phoenixing within it; cross-border and group insolvency under the UNCITRAL Model Laws; the interaction of insolvency with arbitration, money-laundering law and taxation; the independence of resolution professionals and the position of dissenting and operational creditors; and newer questions raised by ESG, private capital and early-warning systems built on artificial intelligence.

The collection identifies gaps in the present framework and sets out proposals for reform. It is written for students, researchers, practitioners, insolvency professionals and policymakers.

Table of contents (21 chapters)

Chapter 1

Pre-Packaged Insolvency Resolution in India after the IBC Amendment Act 2026: A Critical Assessment of the Revised MSME Framework

Dr. Parineeta Goswami

Pages 1–20DOI https://doi.org/10.63108/VAB.IBL.1.1Open access

Read PDF
Chapter 2

Navigating the Intersection of Insolvency and Arbitration: Understanding Jurisprudential Fissure and Tensions

Abhay Shrotiya and Keshav Kulshreshtha

Pages 21–38DOI https://doi.org/10.63108/VAB.IBL.1.2Open access

Read PDF
Chapter 3

Addressing the Unaddressed: An Analysis of the Confidentiality Void under Section 235 of the IBC in India’s Cross-Border Insolvency Regime

Shekhar Pathak and Abhijeet Singh Choure

Pages 39–58DOI https://doi.org/10.63108/VAB.IBL.1.3Open access

Read PDF
Chapter 4

Ambiguous Contours of Personal Guarantors under IBC and the Consequential Implications

Yash Singh

Pages 59–73DOI https://doi.org/10.63108/VAB.IBL.1.4Open access

Read PDF
Chapter 5

From Ashes to Assets: Reimagining Phoenixing and Pre-Packs in India’s Insolvency Framework

Alisha Khan

Pages 75–89DOI https://doi.org/10.63108/VAB.IBL.1.5Open access

Read PDF
Chapter 6

Fraud in the Fast Lane: Exposing Risks in India’s Pre-Pack Process

Shristy Yadav and Anmol Niranjan

Pages 91–108DOI https://doi.org/10.63108/VAB.IBL.1.6Open access

Read PDF
Chapter 7

Aligning Legislative Intent with Institutional Practice: Reassessing India’s Pre-Pack Insolvency Framework for MSMEs

Paras Verma and Prathamesh Deshpande

Pages 109–126DOI https://doi.org/10.63108/VAB.IBL.1.7Open access

Read PDF
Chapter 8

Buried Together, Tried Separately: The Irony of India’s Group Insolvency Practice

Yash Sharan and Anenya

Pages 127–140DOI https://doi.org/10.63108/VAB.IBL.1.8Open access

Read PDF
Chapter 9

Capital in Crisis: Re-Evaluating the Insolvency and Bankruptcy Code’s Efficacy in Corporate Finance Post-2025 Amendments

Sejal and Vishrut Veerendra

Pages 141–160DOI https://doi.org/10.63108/VAB.IBL.1.9Open access

Read PDF
Chapter 10

Complexities of Group Cross-Border Insolvency and Arbitration in India

Mansi Jain and Shanya Mishra

Pages 161–178DOI https://doi.org/10.63108/VAB.IBL.1.10Open access

Read PDF
Chapter 11

The Gibbs Principle Paradox: India’s Cross-Border Insolvency through the UNCITRAL Model Law Lens

Mihir N Singh and Tia Sikka

Pages 179–196DOI https://doi.org/10.63108/VAB.IBL.1.11Open access

Read PDF
Chapter 12

Charting Coherent Cross-Border Insolvency: Addressing Judicial Cooperation and Legal Gaps in India’s Adoption of the UNCITRAL Model Law

Harshit Pastariya and Sitasma Dahal

Pages 197–214DOI https://doi.org/10.63108/VAB.IBL.1.12Open access

Read PDF
Chapter 13

ESG and Insolvency: Rethinking India’s Bankruptcy Framework for a Sustainable Future

Aditya Pratap Singh and Sarthak Gupta

Pages 215–232DOI https://doi.org/10.63108/VAB.IBL.1.13Open access

Read PDF
Chapter 14

Reassessing Taxation on Haircuts: A Case for MSME Recovery under India’s Pre-Packaged Insolvency Framework

Karampudi Sri Avani Sathya

Pages 233–248DOI https://doi.org/10.63108/VAB.IBL.1.14Open access

Read PDF
Chapter 15

Mediation as a Tool for Balancing Creditor-Debtor Interest in Insolvency Proceedings

Ayush Pandey and Shaswat Tiwari

Pages 249–259DOI https://doi.org/10.63108/VAB.IBL.1.15Open access

Read PDF
Chapter 16

Blurring the Line between Guardians and Agents: The Fading Independence of Resolution Professionals in India’s Insolvency Framework

Sakshi Singh and Dr. Trupti Rathi

Pages 261–293DOI https://doi.org/10.63108/VAB.IBL.1.16Open access

Read PDF
Chapter 17

Netting Arrangements vs. Insolvency Regime in India: A Tug of War between Finality and Resolution

Bhanu Suhalka and Aakriti

Pages 295–312DOI https://doi.org/10.63108/VAB.IBL.1.17Open access

Read PDF
Chapter 18

Smart Defaults: An AI – Pre-Insolvency Early Warning System Integrated with India’s Information Utilities

Chirkankshit Bulani and Aryan Sharma

Pages 313–331DOI https://doi.org/10.63108/VAB.IBL.1.18Open access

Read PDF
Chapter 19

The Next Frontier of Insolvency: Private Equity, AIFs, and Transformation of India’s Distressed Assets Market

Aviral Jain and Aditi Bansal

Pages 333–344DOI https://doi.org/10.63108/VAB.IBL.1.19Open access

Read PDF
Chapter 20

The Creditor Conundrum: An Analysis of the Treatment of Dissenting Creditors during Insolvency Proceedings of Financial Institutions in India

Karmannya Singh Raizada and Ayan Verma

Pages 345–361DOI https://doi.org/10.63108/VAB.IBL.1.20Open access

Read PDF
Chapter 21

The Issue of Primacy: An Intersection between the Insolvency and Bankruptcy Code, 2016 and the Prevention of Money Laundering Act, 2002

Samridhi Sahay and Meenakshi Singh

Pages 363–371DOI https://doi.org/10.63108/VAB.IBL.1.21Open access

Read PDF

Editors

Dr. Manoj Kumar SharmaAssociate Professor of Law at Rajiv Gandhi National University of Law, Punjab, India
Mr. Gyan Prakash KesharwaniChairperson and Publishing Editor at VidhiAagaz, India

Book details

Publisher: VidhiAagaz
Published: 2026
Print ISBN: 978-81-947620-7-2
eBook ISBN: To be assigned
DOI: https://doi.org/10.63108/VAB.IBL.1
Pages: 386
Language: English
Licence: CC BY-NC 4.0

In association with

Insolvency and Bankruptcy Law Division, Centre for Business Laws and Taxation, Rajiv Gandhi National University of Law, Punjab

Cite this book

Manoj Kumar Sharma and Gyan Prakash Kesharwani (eds), The Evolving Landscape of Insolvency Law in India: Contemporary Issues and Policy Perspectives (VidhiAagaz 2026) <https://doi.org/10.63108/VAB.IBL.1>

RIS BibTeX

Rights

Open accessThis book is published under the Creative Commons Attribution-NonCommercial 4.0 International licence. Copyright in each chapter remains as set out in its agreement.