Insolvency and Bankruptcy Code, 2016 - An Analysis of the Detrimental Economic Impacts

Bhavye Khetan

Abstract: The brief paper analysis the economic impact of the Insolvency and Bankruptcy Code, 2016 of India with special emphasis on the current Recession in the economy. The paper analysis the loopholes in the Code including poor implementation, biased approach, and flawed focus on liquidation. These loopholes have been analyzed on the detrimental economic impacts they carry. Recommendations to improve has also been stated.

Keywords: Economics, Insolvency, Bankruptcy