India's Insolvency and Bankruptcy Code (IBC) has successfully resolved 1,376 companies over the past decade, yet a significant concern arises from the concentration of acquired assets among a few large conglomerates, such as the Adani Group, Tata Group, and Reliance Industries. These firms often purchase distressed assets at steep discounts, which diminishes competition and market diversity. For instance, the steel sector has seen a reduction from 17 major players to just four, with acquisitions like JSW Steel's purchase of Bhushan Power and Steel exemplifying this trend. While the IBC aims to rescue distressed assets, it inadvertently favors larger companies with deeper pockets, leaving smaller firms at a disadvantage. This raises questions about the effectiveness of the IBC in promoting a competitive industrial environment. To address this, experts suggest implementing a weighted scorecard for acquisitions that considers market impact and employment commitments, thereby encouraging a more equitable distribution of opportunities. The current process, while preventing liquidation, may be stifling the potential for a more dynamic market landscape.