Alerts & Updates 13th Aug 2024
The Insolvency and Bankruptcy Code (IBC), 2016, marked a transformative shift in India’s insolvency landscape, consolidating fragmented insolvency laws and streamlining the process of insolvency resolution. Since its inception in December 2016, the IBC aimed to enhance the ease of doing business in India, encouraging timely resolution of insolvencies and better recovery for creditors.
This comprehensive analysis explores the evolution of the IBC through key Supreme Court judgments, compares it with global best practices, and discusses necessary changes to ensure a more resolution-friendly process.
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