India, March 22 -- The past five years have witnessed several prominent Indian companies facing insolvency proceedings under the Insolvency and Bankruptcy Code, reflecting the financial difficulties faced by companies in various sectors. Companies such as Future Retail, Go First, Sintex Plastics Technology, GVK Energy, and Jaiprakash Associates, from various sectors such as retail, aviation, power, plastics, and infrastructure, have been facing difficulties in debt repayment, poor operational performance, and lack of recovery, thus being significant examples in this context.

Future Retail Ltd Future Retail Limited, a leading retail operator in India's organised retail industry, was admitted to insolvency proceedings in July 2022 by the N...