Amidst massive losses and poor recoveries of corporate dues, India's bankruptcy code is slowly losing its reformatory zeal. 

Author and founder of financial magazine Moneylife, Debashis Basu, bankruptcy regulator Dr. MS Sahoo and ET’s Mohit Bhalla tell us whether the bankruptcy code is being gamed by opportunistic tycoons and pliant lenders, and ways to fix it. Credits: ET Now, Bloomberg Quint, TV 18, FredsVoice ASMR, Applause Entertainment.