The ongoing discussion around the Insolvency Bill in Sri Lanka highlights the need to explore India's Insolvency and Bankruptcy Code (IBC) model for potential improvements. Stakeholders are advocating for reforms to better navigate the current insolvency challenges.
March marked a concerning trend, recording the worst month for liquidations in 11 years, raising alarms about the residential focus and licensing refusals that may exacerbate the situation. The urgency for effective solutions in insolvency management is becoming increasingly evident.