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IBC -its Impact: A Review
Dr. S. Pardhasaradhi,  Mrs.P.Anitha
The insolvency and Bankruptcy Code, 2016 (Code) is indeed a great reformative economic legislation has huge impact on the Economy at macro level and Individuals and Corporates at micro level in terms of balancing the interest of stakeholders and maximisation of value of assets. The Code its positive impact both on liquidation or resolution or reorganization in maximisation of value of assets. The ease of exit has created entrepreneurship development. The impact on Creditors and Banking and Financial sectors is progressive and very conducive for competitive environment. The roots are in the understanding of the people, beliefs of the people and attitudes of the people. The behavioural dimension is well addressed by code in its legal framework to trigger economic growth and development. The nudge theory and strategic perspective has brought about sea change in the code and ecosystem. The process and ecosystem under Code has resulted in paradigm shift in the outlook of stakeholders in the accomplishment of objectives of the code. The four pillars under Code and ecosystem have perfect compatibility under the code in achieving the substratum of the code. This review of few experts works on impact of Code speaks substantially these issues and implications.
Keywords- IBC, Resolution, Econoomic growth, Insolvency
Unique Identification Number - IJEDR2202006Page Number(s) - 37-41Pubished in - Volume 10 | Issue 2 | May 2022DOI (Digital Object Identifier) -    Publisher - IJEDR (ISSN - 2321-9939)
Cite this Article
Dr. S. Pardhasaradhi,  Mrs.P.Anitha,   "IBC -its Impact: A Review"
, International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.10, Issue 2, pp.37-41, May 2022, Available at :http://www.ijedr.org/papers/IJEDR2202006.pdf