Sukrit Kapoor on Supreme Court’s Course Correction in BPSL Case: A Boost for Investor Confidence and India’s IBC Framework

In a recent Business Standard article, Sukrit Kapoor emphasized the significance of the Supreme Court overturning the earlier order in the Bhushan Power & Steel Ltd. (BPSL) matter.

Sukrit Kapoor stated: “This is a welcome move and reinstates investor confidence in the Indian stressed assets market and also the judiciary. Once the amendments that are pending before Parliament are introduced to the IBC, India will be put on the track to compete with other preferred jurisdictions for insolvencies.”

The Supreme Court’s ruling marks a pivotal moment for the Insolvency and Bankruptcy Code (IBC), reinforcing its objective of providing certainty and efficiency in the resolution of stressed assets. He highlighted that with further legislative refinements, India’s insolvency regime could achieve global competitiveness, offering clarity and confidence to both investors and creditors.

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