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- W4245421963 abstract "According to a report published by Bankruptcy Law Reforms Committee (BLRC) in Nov 2015, India is amongst those countries which take the longest time to resolve bankruptcy cases at the highest cost. For India, which has a very high concentration of promising entrepreneurs, a speedy resolution for failing corporates is a necessity to create a congenial environment for credit growth and investments in the economy. Addressing NPAs with appropriate recovery mechanisms is as vital as mitigating them at pre-remedial stage. With a brief on the existing recovery mechanisms, the present study comprehends the working of IBC and evaluates its performance since its inception along with a discussion on the limitations and challenges present in the mechanism. The study has also concluded that IBC has been able to give a positive impact; it however still needs to be invested with the power of enforceability and needs to be supplemented with a robust auxiliary system. It’s just been two years, how effective IBC will be in long term, will also depend on legislature and judiciary playing their entitled role judiciously" @default.
- W4245421963 created "2022-05-12" @default.
- W4245421963 date "2019-12-10" @default.
- W4245421963 modified "2023-10-16" @default.
- W4245421963 title "Journey Towards Recovery: Insolvency & Bankruptcy Code of India – A Mirage or a Milestone?" @default.
- W4245421963 doi "https://doi.org/10.35940/ijrte.c1001.1083s219" @default.
- W4245421963 hasPublicationYear "2019" @default.
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