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The Indian bankruptcy code: Legal resonance and efficacy Sharma Ashok Kumar Corresponding Author, Faculty of Law, Meerut CollegeChaudhary Charan Singh University, Meerut, Uttar Pradesh, India Online published on 5 June, 2024. Abstract The Insolvency and Bankruptcy Code (IBC) introduced in India has significantly transformed the landscape of corporate insolvency resolution. Since its inception in 2016, the IBC has been instrumental in addressing the longstanding issues of non-performing assets (NPAs) and delayed resolution processes. The Insolvency and Bankruptcy Code in India has proven to be a game-changer in addressing the challenges associated with corporate Insolvency. Its time-bound approach, specialized tribunals, and creditor-centric framework have contributed to a more efficient and transparent resolution process. While challenges persist, the IBC's positive impact on the Indian economy is undeniable, making it a crucial component of the country's financial reform landscape. This paper delves deep into the efficacy and resonance of law within. Top Keywords IBC, Efficacy, Legal Resonance. Top | |
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