CORPORATE INSOLVENCY RESOLUTION AND LIQUIDATION: MEASURING EFFECTIVENESS OF THE IBC FRAMEWORK

The Insolvency and Bankruptcy Code of 2016 has contributed to a huge transformation in corporate insolvency resolution in India. It is done with the help of introducing structured processes for dealing with various types of financial distress. This specific article clearly explores the examines the Corporate Insolvency Resolution Process and Liquidation Process under IBC. The proper focus of this article is on their effectiveness, sector-specific challenges as well as the role of technology in the matter of enhancing efficiency. A combination of investigative as well as analytical methods was used in this article. Some of these methods include surveys, interviews, and case studies that are supported by statistical and qualitative analysis. The major findings of this article clearly highlight the successes of CIRP in the matter of balancing the interests of stakeholders as well as reveal if there are any kind of operational challenges. It is particularly evident in industry-specific contexts as well as technological adoption. The study highlights the fact that it is needed to enhance the awareness of stakeholders and refine targeted policy. This is because this specific approach will help in addressing these issues. On the other hand, this study also emphasises the potential of various types of advanced technologies, including AI. It is done to enhance the transparency and reduce the timelines for resolution. These specific insights are crucial for policymakers and legal experts who aim to strengthen the insolvency framework of India for economic stability and growth.