How IBC changed Indian Banking Forever saving 3 Lakh Crores ? : Economic Case Study

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VIDEO INTRODUCTION:
Hi everybody,
If you are a UPSC, law or an economics student this is one of the most important case studies you will ever study!! We all know what happened to kingfisher airlines right?? And if you remember, these kinds of defaults and 1000s of crores in losses were not a new thing in India at all!!
But do you realise, even Gofirst in India was and still is struggling, but somehow, bankruptcy turned out to be a good thing for them and they are still in business!! The question is how???
Similarly, in our previous episode, we saw how India was facing a banking crisis in 2017-18 with banks having 1000s of crores in bad debts!!
So India was in such a critical situation that while On one hand, our banks had 1000s of crores in bad debt, we had giant companies that were failing in such a way that the employees lost their jobs, creditors lost their money and the shareholders lost their share value! This is the reason why, in 2016, our former finance minister Arun jaitley made an iconic announcement where he introduced something called the Insolvency and bankruptcy code !!
And this one code alone has been so revolutionary that it saved 3.16 lakh crores for our banks, it saved lakhs of job losses and most importantly, today it has become one of the most important pillars of the Indian economy!!! And this is something that Sanjeev Sanyal speaks about very often!!
This is why, if you are an economics, law or a UPSC student, this Indian bankruptcy code is by far one of the most important policies you will ever study!!!
So, in this economic case study series, today let us deep dive and understand,
What were the problems that were haunting the Indian banking system?
What is the Indian bankruptcy code?
Why is it considered to be one of the most revolutionary policies in Indian history?
And how has it benefited ordinary people like you and me?
✅Study Materials:
economictimes.indiatimes.com/...
www.thehindu.com/news/nationa...
blog.ipleaders.in/laws-on-ins...
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#ibc #bankruptcy
#thinkschool #businesscasestudy #geopolitics

[@ThinkSchool]

Check Odoo: www.odoo.com/r/3WU www.odoo.com/r/3WU

[@uniqueportal6668]

MAKE A VIDEO ON LADAKH

[@harshakarthik9966]

Please make a video on Andhra Pradesh Elections bro , we are asking from 3 to 4 videos pls do consider bro ,it helps us alot

[@AdityaDongare-ch2zs]

Sir videos in Hindi to easy to understand

[@Ambari_]

Please make a video about Ladakh

[@shobhitchaudhary2393]

Now u guys are biased now U guys don't know ground reality now u r political biased channel

[@pothanadithya3728]

Please make a video analyzing the economy of Andhra Pradesh post-bifurcation and the state's development and economic situation. Comparing the performance of the TDP and YSRCP governments would be incredibly informative for us to make informed decisions. Your insights on this topic would be greatly appreciated! Thanks!

[@harshakarthik9966]

Yes ganesh bro pls make andhrapradesh video

[@gokulyc]

yes, please compare it with other states also.

[@vinodkbg]

After the lok Sabha election. Now vote for Modi.

[@unfilteredwithvarun]

Definitely consider doing it and also any solutions to the flaws to have a better economic development

[@unfilteredwithvarun]

@@vinodkbg kya karega modi akey? Hindu-Muslim division?

[@sn00pygeek]

My Dad was working in Bhusan Steel, and I myself have witnessed the entire process. None of the employee who worked at lower level lost their job. It was fantastic. Even mittal also bid for it, but eventually Tata won the bid, and saved so many jobs.

[@Amiittk]

The most important part of that process was the bhusan steel plant was statergetically located, TATAs getting their hands on it have unlocked far greater value for Odisha than Bhusan ever would have.

[@pvajit1109]

Tata group are Industrialists with Ethics, morality and Honesty as the only policy.

[@prasannakumarcooldude7589]

And people say BJP did nothing to the country the thing is none really knows the activity of the govt exactly. Including myself even though I didn't blame the govt i never knew about such innovative and drastic steps taken by the govt

[@BigBoss-yz2kx]

Well said Bro

[@fd6zi]

Pls encourage others to vote for bjp

[@poppyflorist]

There are way way way more governance brilliance that was also done by congress. You would only be a fool if you think that india was running on farts for the last 65years prior. Every party had their own challenges and had their own brilliance. Just to scratch on the surface, congress had to defend its identity from crushing wars and threats from US, Pakistan and China. Had entered into major security pacts with Israel, Russia etc. Provided GREAT energy security, better than what BJP is doing now, with ties with Iran, turkey, Russia etc. Manmohan being the brilliant economic reformist in our country, where the world collapsed around us, twice, in the depressions, india thrived. Brought in nuclear power, made IITs worthy of being direct competitors with major institutions of the world, BAARC, BEL, bhel, hal etc etc etc. Every party had their own challenges. And BJP is still naive in that context. All that being said, I still believe BJP would have greater potential than congress. But if they keep peddling their religious extremism, then they directly support and unnecessary schism that would break india so badly. Something that congress brilliantly managed and slowly,but steadily made progress like a bull.

[@rabbanisumra7914]

Bjp jo 10rs ke kaam ko dikhane me lakho rupya advt me kharch kar deti hai, dusro ke kaam ko bhi apna ginva deti hai, aur tumhe lagta hai ki logo tak baat nahi pahuchti😂😂😂😂. Bhai in "content creators" ke jhaanso me mat aao, genuine news jaan ni ho "the hindu" newspaper padho, yeh ek camera, ek mic leke baithe logo ke behkavo me mat aao.

[@sarvottam4097]

That's why yes Banks fail under the mudi govt

[@harshalgoti264]

I am a Chartered Accountant working in the IBC field. All I can say is people misuse IBC more than for the purpose for which it was introduced. No doubt IBC has helped but to a certain extent only. The more the company maintains distance from IBC the better it is for their future. The only people who benefit from IBC are the buyers of the companies admitting into IBC. IBC is not the same today as compared to 2016 when it was introduced. Good episode. Challenges mentioned at the end of the episode are true. Nicely covered most of the things. Many things have a negative impact also which you have positively shown in this episode. Advocates mints a lot of money out of the IBC processes other than any other person involved in the process.

[@629-Ashish]

All the point you said are correct.

[@MrManojknight]

No policy is always good my friend, it has to modified constantly so that the tax payers money is saved.

[@ramakarupaiah8838]

Yes legal system is rotten Need drastic overhaul of judiciary and bar

[@Akshay-cx6jx]

hmm so do we need to reform the legal system for this thing then?

[@pranayjain._]

Ek aur jhumla

[@therandomthings6933]

Mr Ranghuram Rajan from Congress party had ideas, but never asked his party leaders to solve this before 2014. Either he was not explained(educated) them properly or UPA(Sonia/Rahul) don’t understand the problem at all 🤔. Kudos to Modi government for taking these initiatives 👏👏

[@ojasyadav9020]

They had plenty ideas with zero willingness to implement.

[@walterpinkman5249]

Raghuram rajan is a very brilliant economist, though he's blinded by his sycophancy towards the Gandhi Raj parivar.

[@nilotpaldeb1551]

Raghuram Rajan isn't from political party he don't belongs to INC He is an economist and an iitian

[@raul9403]

​​@@nilotpaldeb1551the so called great economist entered bharat jodo yatra with Rahul gandi...trying to enter politics

[@OMNI979]

LEFT IS ALWAYS VERY GOOD AT POINTING THEIR FINGURES ON PROBLEM BUT THEY ARE NEVER GOOD WHEN IT COMES TO IMPLEMENTATION OF SOLUTION ON GROUND THEY WILL ALWAYS CREAT MESS may be few exception but you will always notice this

[@nikitajha6500]

Really need more cases on Indian Judiciary.

[@samsung123451]

Whereas congress is planning to give 50% of the population 1 lakh rupees per year.. 😂😂

[@arsalanrahman3259]

Jhumla hai jaise 15 lakh tha Ab ye mat bolna ki congressi Cause I support BJP But I'll not vote them

[@sagarikaSilverado-ps9kv]

Congress lied to you. There was no promises for 15 lakhs, but if anything that we could earn and save that ourselves.

[@SnehaSingh-qw2id]

And 8k per month which is 96k so essentially 1,96,000 nothing but 2lks per year

[@samsung123451]

@@SnehaSingh-qw2id how did you come up with that calculation? 😂 Rahul Gan*u said he will give 8500₹ to be precise to each berozgaar every month... That's 102000₹ a year.. Which he also mentioned...

[@ItachiUchiha-bz3lf]

​@@arsalanrahman3259 your name is enough brother

[@garjevikas]

After land acquisition, IBC and GST. Judicial and agricultural reforms are the most needed and most urgent reforms the country needs. These might be the things Modi ment, when he said "big reforms in third term."

[@anvivek]

Was awaiting for this episode from long since. Understood IBC in basic layman terms 👌👍🙏

[@axem.8338]

Thanks for speaking on this topic. As a banker, it was hard for me to explain its importance to others

[@khadirm1525]

But most almost whoever working class are in debit... consuming loans ..were money fastly circulating in banks...so if we working doesn't save money in emergency cases... again go for debit...

[@sampadac3408]

As a legal professional working in IBC matters,i would say your analysis is spot on

[@NextDM-gs2eb]

The only channel's notification I wait for 💯✅

[@kevaldeo6381]

Hello Shri Ganesh Prasad. Here is one more subject for a Case Study. The Govt of Bharat recently updated payment terms for all Enterprises towards the Micro & Small businesses at the year end. This one step, if somehow is regularised for the complete financial year, will prove a game changer for M(icro) & S(mall) Enterprises' cash flow issues and indirectly any residual bank NPAs.

[@sarathchandrapothuri9917]

we can get video on this i want to see who is in the wrong and who is in the right and whether the government is helping or killing trying to help

[@AdarshSrivastav-sh6cl]

This could be great video.

[@shresthkumar1499]

Bjp is the only party with vision,while congress today has become totally castiest and want to increase reservation and make caste based laws 😢

[@dn9416]

Yes excellent new ways of bribery using electrol bonds,use Ed cbi to extort money

[@dn9416]

I would be happy if that Money went into government accounts instead of bjp account

[@shashankmishra6409]

@@dn9416proof??

[@AjayKumar-yv3yg]

​@@dn9416 don't bark here talk with facts

[@karthikreddy8567]

No bro. Comgress is nothing but a britishAnerican servant who wants to extract money from India in every possible way. To make that happen , Indian laws should be very weak and porous so that it can be easily manipulated.

[@saishree1340]

As a company secretary student, this explanation is truly mind boggling. Brilliant explanation. 🎉

[@sandeeppatro5457]

Be ready to be tagged as a "ANDHBHAKT" by pappus!

[@ak9879]

We don't take it seriously about them... They are anti nationals

[@homeelectrotech7057]

Glad to see Agreement 😁 of Andhbhakt for 1st time

[@ankushyadav6814]

@@homeelectrotech7057 There are 1000s it just you have closed your eyes, BTW have you read white paper on indian economy?

[@nmbangalore7270]

He is , there is BJP investment here. Same ganesha has voiced all wrong information on Dr Manmohan singh

[@mustace8712]

yeah right before the general elections he is galvanising the current govt with case studies with resurgent frequency of videos..he has himself to blame

[@prafullbarote4715]

Perhaps a Chaiwala handled the economy better than the world famous economist 😅😅 Modi hai to mumkin hai ❤

[@rickysinha100]

Very informative! I do believe the prototype for the three problems you mentioned in the end is being built in GIFT city. The eventual change in our legal system which is log due will come in due time. But in the meantime the government will be able to build the functional model using the insolvency laws which will be modeled after international forums at GIFT city.

[@mathewjoseph9340]

A question that was bothering me seeing all psu banks doing good Well explained God bless

[@devalthakkar4845]

Wow on point everything 🫶🏻 even the HOUSING SOCIETY example 🔥 i have already studied in Company secretary course

[@rajeshvora5941]

Great analysis thro a simple to understand analogy bro! Again, one of the most important point holding back India is the lacunae in the legal system - the Judiciary with all it's pitfalls. Reforming the Judiciary and the Police is the most important task if India needs to up it's game in the World order.

[@AayanamAnirudh]

Hey Ganesh, another great video. One suggestion is please use dark mode on your animations.. Thank you!

[@rimadas1910]

I was literally waiting for this. Love love loved it! God bless you!🖤

[@sakethsreeram6981]

Woww the building example is just amazing

[@008biswakalyanrana6]

Such nice explanation of a complex phenomenon using simple ingenious comparison Bravo think school and thank you❤

[@m.s.s.kalyan2116]

As you said, IBC is the one of the best regulations India made. This video will be one of the top 10 Think School's explanations. The example which you took to explain the whole case is outstanding.

[@MVPriyank]

In the beginning I thought its gonna be super complex video as lots of elements are involved. But you made the concept so simple like cakewalk! Thanks to you and entire team for efforts. Keep growing 🎉

[@saurabhkesharwani6143]

@MVPriyank Hey! Priyank! 👋🏼 I re-checked you name to confirm, if that's really you! 👍🏼 You may not remember my name! I attended your Chakra Healing Masterclass, held on 23rd April 2023. I am from M.P. Wow! What a Surprise, to stumble upon you in this vast ocean of KZbin comments. 👏🏼 😀 I am taking this as some message from the Universe! 🙏🏻

[@MVPriyank]

@@saurabhkesharwani6143 Glad to know Saurabh :) Get back to healing and start manifesting. Best wishes!

[@saurabhkesharwani6143]

@@MVPriyank Thank you! 🙏🏻 Best wishes to you too! ☺️

[@saurabhkesharwani6143]

@@MVPriyank I want to ask you whether you give personal therapies, like scanning the aura and telling the current status of Chakras, and balancing them? If need be?

[@Chirag_Kandiyal]

This is indeed the most important case study you have made brother. Thank you!

[@alviprasadabburu5226]

Banks on average has taken haircuts more than 60% with few cases at >90%-85%. You could have made a complete video with covering challenges or loopholes. Recovery rates are poor through IBC. Please check.

[@venktesh6600]

haircuts means the commission ? from what amount, loan amount or repayment amount or what?

[@anandkr01]

Superbly explained bro. Pls keep posting such informative videos. Keep it up 👍

[@ayushjain6575]

Being a CS professional student this video is just peanuts and i feel so happy that its like a revision for me.BTW insolvency and bankruptcy code is such a revolution which has changed the whole liquidation process as well as the insolvency resolution process.One of the issues with IBC is the timeline dates, still the process doesn't complete within the specified time and creates a major backlog in the code.

[@bharatavarsha10k]

Great video Think school. It was hard for me to understand this concept even though I watched other videos. You've reduced it into small bites that everyone can understand with ease. Appreciate your work ❤🙏🏻

[@SSharmajii]

thank u for this video, waiting from so long.

[@nikhilmathew1188]

What a simple explanation bro.. well done

[@kiranv2092]

Yes, I have seen the same in the case of IDBI BANK with NFCL, Kakinada.

[@atharvsp189]

How Simply He Explains Complex things through story

[@HomePathak92]

This is one of the most comprehensive and easy to understand video on IBC. Class work man 👌

[@sujaysawant868]

Wow, odoo is now sponsoring them... I did watch the convo between odoo's founder and sharan a few days back and man i was amazed by that man's idealogy❤ Keep it up Thinkschool, u're just doin' great things!!!!

[@simplyneelam333]

Excellent explanation. Also thanks for the last part wherein you showcased current 2024 scenario.

[@samrajeshini]

Seriously! How can u explain this so easily? Keep it up Ganesh

[@narayanshetti9861]

Well explained 👏

[@therandomthings6933]

Bro, do case studies on Indian cities(start with metropolitan cities first, then major cities and states ) on their living standards by rating housing standards, roads, drinking water, sewage, public parks, education and health sectors. Currently Bangalore is facing severe drinking water crisis, educating voters and put pressure on political parties on these basic needs very important during this election year.

[@surajraika7821]

its a business channel , you can't expect these things

[@Bhadrakalishakti]

👍👍 👍 👍 suggestion and comment!

[@saurabhsuman2960]

Wow , you had made it. Numerous time I had commented on your video. Thanks for the video and your hardwork

[@dhruvgoyal7116]

your editor is really good man really good animations. and of course the content is top natch too

[@sarathchandrapothuri9917]

i have to say amazing example man like really amazing i understood the meaning underneath it before you could even finish i have to say kudos to you and your team for coming up with such an example for such complex issue .

[@sricharan04]

Please do a video on Andhra Pradesh. It's a beautiful state with a rich history, but there are concerns about development. Maybe you could explore both sides?

[@psquare2260]

Very well explained. Great example is used in the video.

[@rp10304]

Was waiting for this.. thanks 👍🙏 I think the judiciary process to speed up the time, they should hire consultants like CA, ACS, Financial Analyst, who would undergo basic legal services/process exams. They can act as an intermediator. We need such consultants in healthcare/ financial/ IT/ other SME industry into our judiciary system.

[@user-xc7eh1kn4s]

Please bring 'CJI DY Chandrachud' in your podcast as legal system is extreamly important for business and management. If possible please bring him on your podcast

[@mak1800]

When he says, "UPSC students", I'm like,, finally he heard me😊🎉, Thank you @thinkschool

[@parthshah2992]

In the budget 21-22, FM announced the formation of Bad Bank which would buy stressed assets of banks and ultimately the balance sheet of banks would be cleaned up. The Bad Bank would then try to recover the dues and pay 15% upfront to banks and 85% in receipts. This was thought to be a game changer but the data till date is showing a different picture in terms of transfer of assets and recovery. It would be great if you make a video on this topic. Thanks, learning a lot from your videos.

[@robust_youth]

As a grade b aspirants,You have done a awesome job sir ,Kudos to you sir 🫡🔥

[@aparnakale6992]

Your example of a housing society of society was amazing... Keep up the good work

[@nikhilmehta2427]

Amazing content, Ganesh! Keep up the good work.

[@surajitbhattacharjee9286]

Great to see you making such informative topics and rightly explained with examples and theory. Great.

[@arkkhanna8806]

Being a lawyer I liked the last sentence. "The big legal bottleneck" 😂😅. The process is not as simple as you say but yes, it is better than the pre-2016 era.

[@lakshmimahesh8702]

Explained lucidly. Please continue telling all matters in future in the same way. My best wishes.

[@rupamghosh9355]

Nice explanation about the IBC process vch many common person on street like me might not b aware of. & as always very informative video. Keep up the good work bro & thanks for coming up with such brilliant videos 🙏👍

[@theOptimisticCoder]

Wonderful & simplest explanation of IBC!!

[@ShirishRatnaparkhi]

Excellent as always.. 🎉

[@s.d.0]

now THIS is the type of vdo. why I subscribed to this channel.

[@angadkhandekar8280]

Appreciate all the research done for making this video 👏👏.Nicely explained

[@harshius2213]

It's failing - banks are still not allowed to keep shares of the company if the company defaults on the loan bro - standard anywhere in the world. Let's say you take out a 1000 crore loan but repay only 600 crore but bribe 100 crore still you can fraud 300 crore. IBC reduced the fraud from 1000 crore to 300 crore but banks must be allowed to keep 400 crore worth of shares instead of loan bailout by government sir

[@mlg5015]

Seems you have made very pertinent lapse in the code. I am a layman could you please elaborate with some example. Regards

[@captain6966]

Thanks Ganesh bhaiya . I have studied this at several but never got this in subconscious mind . Thank you .

[@saurabhkesharwani6143]

Good explanation! 👌🏼 But! - I was an FD holder (creditor) in DHFL and lost the major chunk of my money, when it went to IBC. 😒 The deposits were guaranteed by the RBI and the RBI instead of fulfilling the guarantee, simply forwarded the case to IBC. And many FD holders had to suffer losses. 👎🏼 And another example is SREI Infra, where as well my money is stuck and I am yet get updated on this issue! 🙇🏻‍♂️

[@eleswararaomylangam2806]

Thanks a lot Ganesh. You always give excllant information and educate the people.

[@deviprasadgharpehai3315]

The Harvard business school of india❤. Thanks for always such full of knowledgeable nd very informative videos this helps as a lot bhai❤.

[@sirigepallimallika8630]

Such a great explanation and even a layman is able to understand this topic Cleary. Please make a video about the economy and its status of Andhra Pradesh. Not about politics but how the state is exposing itself to risks

[@AnkitG12]

Great explanation.Thank you so much.

[@VedantVarshney2008]

Thank you for explaining such a bit complex and big process way in such a simple way

[@nidhishshah9030]

Really insightful. Thank you

[@pratvachan]

Great analysis... Thank you 🙏

[@SK-xt9xt]

Extremely thankful for this one

[@aliasgarjambughoda5469]

IBC is such a revolutionary code, as a student of IBC i know the level of intensity in the code and it's provisions IBC is a full package and improving day by day.

[@abunirmal7408]

Excellent information. Thank you very much.

[@swamydadi5887]

Thank you for such a informative Session

[@abhisekmondal5932]

Well research❤

[@chitragiridhar6222]

Thank you very much for this video

[@Sams_Uncle]

Marvelous job Veeré! Simplification at its best! Judiciary is useless to the neck. Their inefficiency is -98%. RBI is in good hands. They must have their own judiciary branch for these cases. Legal systems lack the expertise in almost every area. If you know the aviation regulations systems in USA, it’s more a less BOEING’s or relevant companies people. Even though, they are corrupt themselves, at least not at crazy as our legal system.

[@imholydevil]

Great Information ❤

[@KhadimBrothers]

Hi Sir, Big fan, salute to your channel and videos

[@Themarketofficial]

Brilliant work brother you are an inspiration

[@Supernova_bigban]

It's worth waiting and watching your Videos. It always gives a Learning Experience Thank You for making these videos.

[@yashwantdwivedi9895]

Hey think school, Today i learned something new. Thank 👍

[@dukeopeace7530]

Awesome explanation 👍

[@deviprasadgharpehai3315]

Keep educating nd supporting us like this always bhai❤. Lots of good wishes nd love from berhampur odisha❤. Jai Hind😀🔥

[@LohashLakra]

Hi I am a Business Owner and I settled the debt with the Bank last week, it took approx 3 years. But finally its settled. Let me know if you are interested to understand how does the OTS (One Time Settlement) and Bank + Legal Framework working.

[@1987sureshyadav]

Make a video on Medical n Pharma industries and their mafia...how they destroying common man earnings

[@-SrirangaMattam]

Ganesh bhayya please reduce your communication master class ads on yt, PS: as always best episode and well researched video

[@pranavgaonkar8660]

Thinkfisher - The Economist of All Times

[@ShivaniPathak_1225]

Thank you think school 🏫🙏🏻🌱

[@madhukumar5901]

Good that you showed the culprit, Raghurajan.

[@AniJahnavi]

Excellent content 👏

[@shresthkumar1499]

Great video

[@johnjemmatty7378]

This vedio is so informative ❤

[@deepakpeaky]

Judicial Reform very much needed

[@ganeshram3993]

Good analysis brother

[@npr33]

please make a video also on why Head and Shoulders sells more than other brands- I do not have stats but I assume it should be the leader and if it is not then who is and why-- including their marketing strategies in the past 10-15 years.

[@pushprajmishra1772]

Good information