1.0Bharti Institute of Public Policyhttps://blogs.isb.edu/bhartiinstituteEditorial teamhttps://blogs.isb.edu/bhartiinstitute/author/isb_blog_user_admin/rich600338<blockquote class="wp-embedded-content" data-secret="YupQ6lvvuF"><a href="https://blogs.isb.edu/bhartiinstitute/2016/05/10/flaws-in-the-bankruptcy-code/">Flaws in the Bankruptcy Code</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://blogs.isb.edu/bhartiinstitute/2016/05/10/flaws-in-the-bankruptcy-code/embed/#?secret=YupQ6lvvuF" width="600" height="338" title="“Flaws in the Bankruptcy Code” — Bharti Institute of Public Policy" data-secret="YupQ6lvvuF" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> Mandar Kagade, Aalayst at Bharti Institute points out certain fundamental issues with the design of the proposed Bankruptcy Code drawing on economic principles, empirical evidence and Bankruptcy frameworks in US and UK. The article was published on livemint.com on May 10, 2016. To start with a market metaphor: policy wonks, journalists, lawyers, bureaucrats and sundry […]