Insolvency and Bankruptcy Code — Mains Questions

Critically analyze the impact of the Insolvency and Bankruptcy Code (IBC) on India's banking sector stability and ease of doing business. Discuss the key challenges that still persist in its implementation.

Section 29A of the Insolvency and Bankruptcy Code (IBC) has been hailed as a significant step towards improving corporate governance in India. Elaborate on its provisions and critically evaluate its effectiveness in achieving its stated objectives.

Discuss the evolution of the Insolvency and Bankruptcy Code (IBC) through its key amendments up to 2023. How have these amendments addressed the initial lacunae and strengthened the insolvency resolution framework in India?