Analysis of Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016
Abstract: The Insolvency and Bankruptcy Code, 2016 (IBC) represents a landmark reform in India?s financial and corporate legal framework. The Corporate Insolvency Resolution Process (CIRP), as its central mechanism, aims to resolve corporate distress in a time-bound manner while maximizing asset value and balancing stakeholder interests. This paper critically analyses the structure, functioning, effectiveness, and challenges of CIRP. It evaluates the procedural framework, institutional roles, judicial interpretation, and practical outcomes, highlighting both achievements and limitations. The study concludes with recommendations for strengthening the CIRP mechanism in India.
Keywords: Insolvency, Bankruptcy, NCLT, CIRP Corporate Insolvency
How to Cite?: Shivam Pandey, Prof. (Dr) Arvind P. Bhanu, "Analysis of Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016", Volume 15 Issue 4, April 2026, International Journal of Science and Research (IJSR), Pages: 677-680, https://www.ijsr.net/getabstract.php?paperid=SR26409140207, DOI: https://dx.doi.org/10.21275/SR26409140207