Legal Era Insolvency Summit 2021 - Keynote Address by Dr. T. K. Viswanathan

Dr. T. K. Viswanathan, the person who laid down the foundation of the IBC Code passionately shared how the IBC Code was not just important legislation but also a distinct one.

"The IBC is a jewel in the Indian statute book and historical reform legislation. The Code infused a new wave of legal reform using data analytics, AI, market indicators and keeps the law in sync with socio-eco realities. It has a sharp focus on the relationship between law and economics. The Code is a piece of eco legislation and a result of the government's response to challenges faced by the country in a fast-changing global economy. The code represents the current market realities and is supplemented by a rich ecosystem that other Acts of parliaments lack."