In the seven years that it has been round, Indian Prime Minister Narendra Modi’s signature chapter reform has did not dwell as much as its billing. 

The 2016 insolvency law was crafted when the nation was simply beginning to sort out what would ultimately rank among the many worst piles of unhealthy loans wherever on the earth: a $200 billion-plus menace. With banks garnering bumper profits within the post-pandemic excessive interest-rate surroundings, that baggage is now a lot lighter, and the urgency to take care of it decrease.