Insolvency Law Reform Bill: Transforming India’s Insolvency Framework
IJLLR Journal
Prajwal R, JSS Law College [Autonomous], Mysuru Dr. Jagadish A T, JSS Law College [Autonomous], Mysuru ABSTRACT The Insolvency and Bankruptcy Code (IBC), 2016 significantly reformed India’s insolvency framework by introducing a unified and time-bound mechanism for insolvency resolution. However, practical challenges such as delays before the National Company Law Tribunal (NCLT), excessive litigation, absence of cross-border insolvency mechanisms and lack of group insolvency provisions...