Capital Market News Insolvency and Bankruptcy Code (IBC) is an evolving process and there is scope for making it far more efficient. It is definitely an important step in the right direction. Given the stress that had built up in the financial sector before we entered the crisis, we will now have to take care of some stress that will inevitably happen because of COVID-19. The eco-system of creative destruction is a very important part of any economy. We need to focus on incentives for banks, especially public sector banks, along with establishing a market for price discovery of stressed assets. With the involvement of judgement, there is always a possibility of hindsight bias which can create enormous risk aversion. Judgement and investigation that does not take into account some of these nuances can make it difficult for the bankers to do what is economically efficient.