Examining the Efficacy of the Insolvency and Bankruptcy Code: A Performance Analysis

Authors

  • Shrihari Karanth Senior Research Fellow Department of Studies in Commerce Davangere University, Davangere
  • Rajath Prabu Consultant Ernst & Young, Bengaluru

DOI:

https://doi.org/10.33516/maj.v59i4.37-40p

Keywords:

No Keywords.

Abstract

The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive Indian law aimed at consolidating insolvency resolution regulations across various entities including individuals, limited liability partnerships, and corporates. Its enactment has yielded favourable outcomes such as enhancing Non-performing assets recovery rates and improving the ranking in resolving insolvency cases. However, significant concerns persist, including delays in proceedings, absence of clear regulations for cross-border insolvency, and a shortage of tribunals. Addressing these issues is imperative for the effective functioning of the IBC.

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Published

2024-04-18

How to Cite

Karanth, S., & Prabu, R. (2024). Examining the Efficacy of the Insolvency and Bankruptcy Code: A Performance Analysis. The Management Accountant Journal, 59(4), 37–40. https://doi.org/10.33516/maj.v59i4.37-40p

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Section

Cover Story

References

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Das, S. (2024). Insolvency & Bankruptcy Code – Towards Achieving Full Potential: Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India. In Conference on Resolution of Stressed Assets and Insolvency and Bankruptcy Code (IBC) – organized by CAFRAL, Mumbai.

Gaur, D., & Mohapatra, D. R. (2020). The nexus of economic growth, priority sector lending and non-performing assets: case of Indian banking sector. South Asian Journal of Business Studies, 10(1), 70–90. https://doi.org/10.1108/sajbs-01-2020-0010 DOI: https://doi.org/10.1108/SAJBS-01-2020-0010

Singh, R., & Thakkar, H. (2021). Settlements and resolutions under the Insolvency and Bankruptcy Code: Assessing the Impact of COVID-19. The Indian Economic Journal, 69(3), 568–583. https://doi.org/10.1177/00194662211013218 DOI: https://doi.org/10.1177/00194662211013218

Swaminathan, J. (2024). Resolution of Stressed Assets and IBC – the Future Road Map [Speech]. Conference on Resolution of Stressed Assets and IBC, organized by CAFRAL, Mumbai.

Vishwanathan, N. S. (2018, April 18). It is not business as usual for lenders and borrowers [Speech]. National Institute of Bank Management, Pune.

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