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/December 202513Building India%u2019s Resilient Future Through Transformative Insolvency ReformDriving Economic Renewal %u2013 Sumant Batra%u2019s Vision for a Resilient Insolvency EcosystemAs India charts its course toward becoming a developednation by 2047, institutional reform is vital. Among the leading voices shaping this transformation is Sumant Batra, a globally respected insolvency lawyer and thought leader. Batra believes that the next two decades present an unprecedented opportunity for India to reform its insolvency and judicial systems. According to him, a dynamic insolvency framework can drive entrepreneurship, expand the private sector, attract investment, and ensure long-term economic stability. Accelerating case disposal in courts and creating a more efficient insolvency system, he asserts, are critical for India%u2019s growth story.A Global Leader in Insolvency ReformWith over two decades of global experience, Sumant Batra has played a pioneering role in shaping international insolvency standards since 1999. He is the only Indian to be named an International Fellow of the American College of Bankruptcy and the first Asian and youngest president of INSOL International, the London-based global federation of restructuring professionals present in over 100 countries. His leadership has been instrumental in aligning India%u2019s insolvency ecosystem with international standards while addressing the country%u2019s unique economic needs.Insolvency Law Academy: Shaping India%u2019s Reform NarrativeEncouraged by the late Dr Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister, Batra founded the Insolvency Law Academy (ILA) in 2022, India%u2019s first institute of excellence in insolvency research and education. In a short span, ILA has created significant policy impact through its research, knowledge initiatives, and collaborations with global experts. It has emerged as a hub of innovation and reform, fostering dialogue on restructuring and insolvency while helping policymakers strengthen India%u2019s financial and legal infrastructure.Reforming for a Resilient FutureIn his recent book, Corporate Insolvency %u2013 The Road to Viksit Bharat (2025), Batra calls for transformational reforms to build a resilient insolvency framework. He urges policymakers to view insolvency from a geopolitical perspective, ensuring it acts as a shield against economic disruptions and global shocks. Highlighting ongoing tariff conflicts as an example, he emphasises that India%u2019s National Company Law Tribunal (NCLT) must evolve to reflect the aspirations of a 21st-century economy and that judges must understand the broader economic implications of their rulings.A Lifelong Mission to Strengthen India%u2019s EconomyA prolific author and reform advocate, Batra has dedicated his life to shaping insolvency policy and empowering the insolvency industry. %u201cI am making my own little contribution to the collective might of over 1.4 billion people to propel the country towards a Viksit Bharat by 2047,%u201d he says. His vision, leadership, and unwavering commitment continue to guide India%u2019s journey toward economic resilience and reform-driven growth.How Sumant Batra%u2019s reform mission is powering India%u2019s economic resilience journeySumant Batra, Insolvency Lawyer