India has faced widespread bankruptcies between 2015 and 2025, with significant failures in banks, non-banking financial companies (NBFCs), and large corporations, exacerbating core economic issues. The Insolvency and Bankruptcy Code (IBC) has largely failed, leaving citizens to bear the brunt time and again. Key examples include DHFL, PNB, IL&FS, PMC, Yes Bank, Essar Steel, and Jet Airways. Additionally, write-offs (waive offs?!) of corporate loans have surged, and bank fraud cases are on the rise, with rising defaults and poor recovery rates. The ongoing financial instability, caused by such frauds, defaults and bankruptcies, has eroded investor confidence, leading to massive sell-offs. This trend has contributed to market volatility, as institutional and retail investors face significant losses, further deepening the economic distress in terms of inevitable inflation and recession risks.