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When Creditors Decide and Courts Defer: The Quiet Retreat of Judicial Power under India’s Insolvency Regime

The Insolvency and Bankruptcy Code, 2016 (“IBC”) is a significant change in the Indian insolvency law because it unites many different fragmented provisions into a single comprehensive body of law, designed to protect creditors through a timely and efficient resolution process, as well as to maximise value for creditors and solve the problems of insolvent…