A CRITICAL REVIEW OF CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER INDIA’S INSOLVENCY AND BANKRUPTCY CODE, 2016 IN RESOLUTION OF DISTRESSED ASSETS AND CONTAINMENT OF NON-PERFORMING ASSETS AND REDUCTION IN OCCURRENCE OF FRAUDS OF BANKS IN INDIA

The paper describes the Insolvency and Bankruptcy Code, 2016 of India its role in resolution distressed assets how what manner it has helped containing Non-performing also to extent contributed reduction occurrence frauds banks appraises efficiency against a number benchmarks. goal Code is consolidate numerous legislations on subject provide single, unified vital platform for revival and/or liquidation corporate non-corporate bodies self- proprietors. main substantial policy procedural changes envisaged targets salvage movable immovable engaged organizations time-bound protect interests not only creditors but employees, workers, government dues others involved. An attempt been made understand as far insolvency process under code effective resolving non-performing why being recognized that bankruptcy law enough manage bad loan situation more action required NPAs than available through Code.