Published Paper Details:

The current study attempts to analyze The Insolvency and Bankruptcy Code, 2016. It assesses the Insolvency and Bankruptcy Code impacts actions on the corporate restructuring. The research methodology of the current study relied on the internet-based investigation review of the literature. The Code expects to defend the cycles and methods for Bankruptcy and Insolvency, further develop obligation recuperation rates, and increment lender trust in India. Ideally, it should go some method for addressing moneylenders' freedoms to uphold security in a troubled circumstance, possibly cutting down the pace of non-performing advances. The Insolvency and Bankruptcy Code, 2016 accommodates the constitution of another indebtedness controller, i.e., the Insolvency and Bankruptcy Board of India (Board). Its job includes:(i) supervising the working of indebtedness middle people, i.e., bankruptcy experts, proficient indebtedness organizations, and data utilities; and (ii) managing the bankruptcy cycle. Indebtedness and Bankruptcy Board of India (IBBI) will be the administrative body liable for outlining the principles, Code of direct, and enrollment of the above organizations. The study concludes that Insolvency and Bankruptcy Code is regarded as a significant corporate issue of Companies in India irrespective of sector, business goal, and size. This paper will highlight the critical parts of the Code and assess its likely impact on the Indian debt market and an effort to highlight the importance of the Insolvency and Bankruptcy Code as a tool to make better corporate restructuring.