Writing a commentary on a law that is still growing at a pace faster than the fortunes of e-commerce businesses is, painful and challenging. The sheer volume of judgments from the Constitutional Courts and the National Company Law Appellate Tribunal and National Company Law Tribunals constitute the judicial side of the scheme of things under the Insolvency and Bankruptcy Code. Then there are legislative amendments to ensure the timely ironing out of the issues cropping up in the implementation of the law. So far there are about 5 major amendments in a span of 4 years. Then there are delegated legislations where the executive has given effect to the other dormant provisions of the Insolvency and Bankruptcy Code 2016 (‘IB Code’) (for in…
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