Impact of IBC on Indian Economy and Corporate Landscape

The Insolvency and Bankruptcy code established in 2016 brought a time bound and unified mechanism promoting entrepreneurship and aiming to improve the financial stability, by protecting creditors, promoting resolutions over liquidation through CIRP. IBC has shifted the market dynamics from debtors controlled to creditors controlled and has boosted the interest among foreign investors.However,through analysis this paper highlights the ongoing challenge and hardships faced by IBC.This paper empirically studies how IBC has impacted the indian economy and indian corporate landscape through EoBD,NPA reduction,Recovery rates,etc and by concentrating on alterations to insolvency resolution productivity and stakeholder outcomes.While IBC has drastically impacted indian economy ,there is an necessity of improving to ensure long-term stability and improvement.