India’s biggest insolvency success story just got overturned — and it’s sending shockwaves across boardrooms, courtrooms, and global investor circles. In this power-packed episode, Vygr founder Sonam Bhagat is joined by top IBC and restructuring expert Senior Lawyer Ishtiaq Ali to dissect the dramatic fallout of the JSW Steel–Bhushan Power & Steel acquisition. They sit to decode India’s evolving corporate insolvency framework. From landmark cases like JSW-Bhushan Power & Steel to critical flaws in the Insolvency and Bankruptcy Code (IBC), this conversation breaks down legal, economic, and structural realities. Once hailed as a landmark resolution under India’s Insolvency and Bankruptcy Code (IBC), the deal has now been nullified after five years, exposing deep cracks in the legal framework that was meant to clean up India Inc. What does this mean for lenders, investors, and promoters? Is India’s insolvency code enabling revival — or chaos? If India wants to be a trillion-dollar economy, it can’t afford trillion-rupee legal uncertainty. Whether you're a law student, startup founder, finance professional, or just curious about how big companies sink and survive, this episode is a masterclass in real-world corporate law.