International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 2 March-April 2024 Submit your research before last 3 days of April to publish your research paper in the issue of March-April.

The Impact of Insolvency and Bankruptcy Code 2016: A Comprehensive Study

Author(s) Vayllan Victor De Souza, Rishikesh K B
Country India
Abstract Insolvency and bankruptcy have emerged as significant concerns in the global economy, impacting firms, economies, and individuals alike. Economic volatility, high corporate debt levels, industry disruptions, and inadequate financial management contribute to the escalation of insolvency risks. The COVID-19 epidemic has made these difficulties worse., leading to a surge in bankruptcy filings worldwide. In response to the need for efficient resolution mechanisms, India introduced Insolvency and Bankruptcy Code, 2016 (IBC), introduced for streamlining insolvency proceedings and protecting stakeholders' interests. While the IBC has achieved notable successes in resolving cases, challenges still must be addressed, including declining recovery rates and prolonged resolution times.
Keywords Insolvency, Bankruptcy, Global Economy, Insolvency Risks, Economic Volatility, Insolvency and Bankruptcy Code (IBC), Stakeholders, COVID-19 Pandemic, Resolution Mechanisms.
Field Business Administration
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-03-23
Cite This The Impact of Insolvency and Bankruptcy Code 2016: A Comprehensive Study - Vayllan Victor De Souza, Rishikesh K B - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.15195
DOI https://doi.org/10.36948/ijfmr.2024.v06i02.15195
Short DOI https://doi.org/gtn32c

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