Bankruptcy code decoded


The rewriting of India’s bankruptcy laws has prompted the publication of at least two books. The first is a section-by-section commentary on the Insolvency and Bankrupty Code, 2016, by Pranav Khatavkar, an independent lawyer in Mumbai. The 300-page book, priced at ₹495, was published by Current Publications just two months after the code received presidential assent on 28 May 2016.

Bankruptcy_law_with_gavelA review in describes the book as “a genuine attempt to simplify the law”. The reviewer, Rajkumar Adukia, says Khatavkar, a 2015 graduate of Symbiosis Law School, has “walked the extra mile” and added features to the book “that make it extremely easy for the reader to understand and navigate the code”. This includes an analysis of the legal implications of amendments to several other laws triggered by the enactment of the Insolvency and Bankrupty Code.

In December, Taxmann published a guide to the Insolvency and Bankrupty Code. The 416-page book is priced at ₹490.