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ABSTRACT The mounting NPA of banking segment of India become a difficult issue for the economy. However, the idea of non-performing resource is connected uniquely with the financial area, the negative impacts of its spread out to the entire economy over the long haul. Non-performing resource results decline in benefit and liquidity position of banks and in this way intensify the financial condition of the nation. It further contrarily influences the economy. Along these lines, to smooth working of the financial part government and hold bank should take satisfactory approach gauges that diminish and recuperate the non-performing resource. The Indian Parliament enacted the landmark Insolvency and Bankruptcy Code, 2016 (Code) on May 28, 2016. The Code was introduced in the midst of alarming rise in nonperforming loans (NPLs) in the Indian banking industry and to address a highly fragmented and delay-prone legal regime relating to insolvency and stressed debt resolution. The data disclosed by the Reserve Bank of India (RBI) demonstrated that the aggregate gross NPLs on the books of Government-owned banks had increased.