IBC – A Dynamic Economic Legislation Balancing the interest of Stakeholders: A Diagnostic Approach
Dr. S. Pardhasaradhi
, Mrs.P.Harshanya
ibc, sica, corporate sickness, turnaround strategies
IBC is a dynamic economic legislation emerged after elaborate churning process on economic theories, comprehensive approaches to corporate sickness, Insolvency and Bankruptcy codes of several countries in global scenario Entry and exist freedom are ensured under IBC. IBC became a reform by the stakeholders, of the stakeholders and for the stakeholders (Sahoo M.A, 2019). IBC emerged, after lessons drawn from the failure of Corporate Sickness under Sick Industrial Companies (Special Companies) Act, 2985 (SICA) and emerged. It is creditor driven approach provides one stop solution balancing the interest of stakeholders. It is focused on ease of doing business, creating new credit culture based on market economy and entrepreneurship development. It is based on behavioral and socioeconomic perspective of insolvency and bankruptcy and corporate reorganization.
"IBC – A Dynamic Economic Legislation Balancing the interest of Stakeholders: A Diagnostic Approach", IJEDR - INTERNATIONAL JOURNAL OF ENGINEERING DEVELOPMENT AND RESEARCH (www.IJEDR.org), ISSN:2321-9939, Vol.10, Issue 2, page no.31-36, May 2022, Available :https://rjwave.org/IJEDR/papers/IJEDR2202005.pdf
Volume 10
Issue 2,
March-2022
Pages : 31-36
Paper Reg. ID: IJEDR_220043
Published Paper Id: IJEDR2202005
Research Area: Management
Country: snehapuri colony, Hyderabad, Telangana, India
ISSN: 2321-9939 | IMPACT FACTOR: 9.37 Calculated By Google Scholar | ESTD YEAR: 2013
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.37 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJEDR (IJ Publication) Janvi Wave
