Paper Title
Role of the Insolvency and Bankruptcy Code 2016 in Management of Non Performing Assets
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Registration ID: IJNRD_305881
Published ID: IJNRD2504490
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Keywords
Non-performing assets, Bankruptcy, Insolvency, Insolvency and Bankruptcy Code 2016, Public sector banks
Abstract
A stable banking sector is must for a sustained inclusive growth and development of an economy. From past a few decades rising NPAs of the public sector banks has posed a threat to the economy. The earlier insolvency and bankruptcy regimes proved to be a failure in resolving the insolvency matters. The different governments have brought in various regulatory and legislative reforms to strengthen the assets resolution mechanism. . In the series of these reforms, the Insolvency and Bankruptcy Code was enacted in 2016. It was perceived as the most effective and progressive resolution tool for recovery of NPAs. This code repealed various archaic laws and amended others to bring an overhaul in the resolution of NPA problem of the country. The current paper examines the various provisions of the code for the management of NPAs of the Indian public sector banks. The paper also explores the various new provisions which were introduced in the code to make it the most advanced legislation up till date. The study uses secondary data and is exploratory in nature.
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How To Cite (APA)
Deepali Yadav & Dr. Himanshu Srivastava (April-2025). Role of the Insolvency and Bankruptcy Code 2016 in Management of Non Performing Assets. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 10(4), e799-e806. https://ijnrd.org/papers/IJNRD2504490.pdf
Issue
Volume 10 Issue 4, April-2025
Pages : e799-e806
Other Publication Details
Paper Reg. ID: IJNRD_305881
Published Paper Id: IJNRD2504490
Research Area: Commerce All
Author Type: Indian Author
Country: Lucknow, Uttar Pradesh, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2504490.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2504490
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