The Insolvency and Bankruptcy Code was brought in by the Indian Government to help speed up the process of dealing with bankrupt companies. However, it has ended up with a complex legal questions that now threatens a US$400 billion industry. Shivani Malik explains.
Between 2014 and 2016, India's government won a landmark case in a tax court. Despite that, it never staked claim to winnings worth US$5.7bn. The reason? Ananya Satish explains the story of the controversial MAT Issue, and how India gave up a massive tax windfall.