article/opinion/columns/ insolvency-law-ibc-corporate- debt-resolution-bankruptcy- code-nirmala-sitharaman- 6704399/
- In the intro, briefly define the ARC.
- In the body mention the role played by the ARC under IBC. Next, mention how their role is constrained by the present rule which allows them to buy the credit by not the equity of the firm under IBC resolution. In the measures suggest allowing them to buy the equity along with the debt, exploring the scope of insurance for their assets etc.
- Conclude by mentioning the strengthening of the resolution system in the country and an important role played by the ARCs in it.