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Published Paper Details:
Paper Title
Evolution Of Insolvency Laws And Key Features Of Insolvency And Bankruptcy Code, 2016
Authors
Karishma Taneja
Keywords
Insolvency and Bankruptcy Code, IBC 2016, Insolvency Laws in India, Bankruptcy Law Reforms Committee, Pre-IBC Framework, Corporate Insolvency Resolution Process, Insolvency Professionals, NCLT, Financial Distress, Institutional Framework, Creditor Rights, Debt Resolution, Legal Reforms in India, Insolvency Ecosystem, Economic Recovery.
Abstract
This research traces the evolution of insolvency laws in India, culminating in the enactment of the Insolvency and Bankruptcy Code (IBC), 2016. It examines the fragmented and ineffective pre-IBC legal framework and highlights the significant role played by the Bankruptcy Law Reforms Committee (BLRC) in shaping a unified insolvency regime. The study further explores the institutional architecture and key features of the IBC, such as time-bound resolution, creditor-driven processes, and the establishment of specialized adjudicating authorities. By analyzing these aspects, the research underscores how the IBC has transformed India's insolvency landscape, promoting efficiency, accountability, and financial stability.
IJCRT's Publication Details
Unique Identification Number - IJCRT2504869
Paper ID - 282516
Page Number(s) - h371-h379
Pubished in - Volume 13 | Issue 4 | April 2025
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Karishma Taneja, "Evolution Of Insolvency Laws And Key Features Of Insolvency And Bankruptcy Code, 2016", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 4, pp.h371-h379, April 2025, Available at :http://www.ijcrt.org/papers/IJCRT2504869.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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