CORPORATE INSOLVENCY RESOLUTION AND LIQUIDATION: MEASURING EFFECTIVENESS OF THE IBC FRAMEWORK
DOI:
https://doi.org/10.29121/shodhkosh.v6.i2.2025.6286Keywords:
IBC 2016, Corporate Insolvency Resolution Process, Liquidation Process, Stakeholder Rights, Corporate Insolvency, Economic Impact, IndiaAbstract [English]
The Insolvency and Bankruptcy Code of 2016 has contributed to a huge transformation in corporate insolvency resolution in India. It is done with the help of introducing structured processes for dealing with various types of financial distress. This specific article clearly explores the examines the Corporate Insolvency Resolution Process and Liquidation Process under IBC. The proper focus of this article is on their effectiveness, sector-specific challenges as well as the role of technology in the matter of enhancing efficiency. A combination of investigative as well as analytical methods was used in this article. Some of these methods include surveys, interviews, and case studies that are supported by statistical and qualitative analysis. The major findings of this article clearly highlight the successes of CIRP in the matter of balancing the interests of stakeholders as well as reveal if there are any kind of operational challenges. It is particularly evident in industry-specific contexts as well as technological adoption. The study highlights the fact that it is needed to enhance the awareness of stakeholders and refine targeted policy. This is because this specific approach will help in addressing these issues. On the other hand, this study also emphasises the potential of various types of advanced technologies, including AI. It is done to enhance the transparency and reduce the timelines for resolution. These specific insights are crucial for policymakers and legal experts who aim to strengthen the insolvency framework of India for economic stability and growth.
References
Allioui, H., & Mourdi, Y. (2023). Unleashing the potential of AI: Investigating cutting-edge technologies that are transforming businesses. International Journal of Computer Engineering and Data Science (IJCEDS), 3(2), 1-12.
BHAKTA, L. (2022). THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (IBC) VIS-A-VIS PREVENTION OF MONEY LAUNDERING ACT, 2002 (PML ACT): UNDERSTANDING THE CONUNDRUM BETWEEN THE TWO.
Binder, J. H. (2024). Resolving Small and Mid-Sized Bank: Resolution Versus Liquidation and the Transfer Tools. DOI: https://doi.org/10.2139/ssrn.4972801
Corchete, L. A., Rojas, E. A., Alonso-López, D., De Las Rivas, J., Gutiérrez, N. C., & Burguillo, F. J. (2020). Systematic comparison and assessment of RNA-seq procedures for gene expression quantitative analysis. Scientific reports, 10(1), 19737. DOI: https://doi.org/10.1038/s41598-020-76881-x
Das, A., Agarwal, A. K., Jacob, J., Mohapatra, S., Hishikar, S., Bangar, S., ... & Sinha, U. K. (2022). Insolvency and bankruptcy reforms: the way forward. Vikalpa, 45(2), 115-131. DOI: https://doi.org/10.1177/0256090920953988
ETLegalWorld (2024). Insolvency cases surge: Over 40,000 filed in NCLT under IBC by September 2024 - ET LegalWorld. Retrieved from https://legal.economictimes.indiatimes.com/news/law-policy/insolvency-cases-surge-over-40000-filed-in-nclt-under-ibc-by-september-2024/115699007
Gattani, V., & Chhabda, D. (2023). An Analysis of Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. Part 2 Indian J. Integrated Rsch. L., 3, 1.
Giorgi, S., Lavagna, M., Wang, K., Osmani, M., Liu, G., & Campioli, A. (2022). Drivers and barriers towards circular economy in the building sector: Stakeholder interviews and analysis of five European countries policies and practices. Journal of cleaner production, 336, 130395. DOI: https://doi.org/10.1016/j.jclepro.2022.130395
Gyan, I. (2024). INSOLVENCY AND BANKRUPTCY CODE. Retrieved from https://www.iasgyan.in/daily-current-affairs/insolvency-and-bankruptcy-code-26
Iliyasu, R., & Etikan, I. (2021). Comparison of quota sampling and stratified random sampling. Biom. Biostat. Int. J. Rev, 10(1), 24-27. DOI: https://doi.org/10.15406/bbij.2021.10.00326
Jain, A. (2021). An Analysis of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (Doctoral dissertation, National Law School of Indian University, Bangalore).
LED, A. C. (2024). HYBRID INSOLVENCY RESOLUTION PROCESS.
Machireddy, J. R., Rachakatla, S. K., & Ravichandran, P. (2021). AI-Driven Business Analytics for Financial Forecasting: Integrating Data Warehousing with Predictive Models. Journal of Machine Learning in Pharmaceutical Research, 1(2), 1-24.
Majumdar, A. B., & Garg, M. (2023). The Homebuyers Conundrum in Real Estate Insolvency. Emerging Ideas on IBC, Insolvency and Bankruptcy Board of India.
Makam, G. (2024). An Analysis of the Rights and Liabilities of Corporate Debtors Under the Insolvency and Bankruptcy Code, 2016. Available at SSRN 4885271. DOI: https://doi.org/10.2139/ssrn.4885271
Migrator. (2024). Insolvency law reduces resolution time for stressed assets to 340 days: Economic Survey. Retrieved from https://www.deccanherald.com/amp/story/india/insolvency-law-reduces-resolution-time-for-stressed-assets-to-340-days-economic-survey-800157.html
Misra, P., & Feibelman, A. (2021). The Institutional Challenges of a Cross-Border Insolvency Regime. Corp. & Bus. LJ, 2, 329. DOI: https://doi.org/10.2139/ssrn.3893126
Mohajan, H. K. (2020). Quantitative research: A successful investigation in natural and social sciences. Journal of Economic Development, Environment and People, 9(4), 50-79. DOI: https://doi.org/10.26458/jedep.v9i4.679
Nair, J., & Nemade, B. (2024). Creditor Driven Insolvency Resolution Law–A Review of Intent v/s Practice. Journal of Global Economy, 20(1), 19-32. DOI: https://doi.org/10.1956/jge.v20i1.711
Pardhey, N. (2021). Critical analysis of insolvency and bankruptcy code progression and improvement in light of shifting epochs.
Pessot, E., Zangiacomi, A., Marchiori, I., & Fornasiero, R. (2023). Empowering supply chains with Industry 4.0 technologies to face megatrends. Journal of Business Logistics, 44(4), 609-640. DOI: https://doi.org/10.1111/jbl.12360
Researchgate (2024). Retrieved from https://www.researchgate.net/figure/Flowchart-of-framework_fig1_367737364
Richey Jr, R. G., Chowdhury, S., Davis‐Sramek, B., Giannakis, M., & Dwivedi, Y. K. (2023). Artificial intelligence in logistics and supply chain management: A primer and roadmap for research. Journal of Business Logistics, 44(4), 532-549. DOI: https://doi.org/10.1111/jbl.12364
RJA. (2023) Highlights in insolvency and bankruptcy code, 2016. Retrieved from https://carajput.com/blog/highlights-in-insolvency-and-bankruptcy-code-2016/
Sanyaolu, T. O., Adeleke, A. G., Efunniyi, C. P., Akwawa, L. A., & Azubuko, C. F. (2023). Stakeholder management in IT development projects: Balancing expectations and deliverables. International Journal of Management & Entrepreneurship Research P-ISSN, 2664-3588.
Singh, V. K. (2021). Modern Corporate Insolvency Regime in India: A Review. NLS Bus. L. Rev., 22. DOI: https://doi.org/10.2139/ssrn.3766210
Steelman, T., Nowell, B., Velez, A. L., & Scott, R. (2021). Pathways of representation in network governance: evidence from multi-jurisdictional disasters. Journal of Public Administration Research and Theory, 31(4), 723-739. DOI: https://doi.org/10.1093/jopart/muab004
Ullah, F., Sepasgozar, S. M., Thaheem, M. J., & Al-Turjman, F. (2021). Barriers to the digitalisation and innovation of Australian Smart Real Estate: A managerial perspective on the technology non-adoption. Environmental Technology & Innovation, 22, 101527. DOI: https://doi.org/10.1016/j.eti.2021.101527
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Chandan Choubey, Dr. Vandana Gupta
This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
