01511nam a22001577a 4500 517572 517572 210720b ||||| |||| 00| 0 eng d Gupta, M.S. and Singh, J.B. 26794 Insolvency and bankruptcy code (IBC) in India: Impact on recovery of NPSs by banks Bihar Journal of Public Administration 17(2), Jul-Dec, 2020: p.605-613 The Insolvency and Bankruptcy Code (May 2016) is a game changer in the resolution of non-performing assets (NPAs)of banks in India because it provides a framework for time-bound insolvency resolution with the objective of promoting entrepreneurship and availability of credit while balancing the interests of all stakeholders. There is a paradigm shift under IBC in which creditors take control of the assets of the defaulting debtors, in contrast to the earlier system in which assets remained in the possession of debtors till resolution or liquidation. The experience so far has been encouraging with IBC regime. India’s insolvency resolution score and recovery rate also improved in the World Bank’s Ease of Doing Business Index, after the introduction of IBC. Strengthening the infrastructure of insolvency resolution should help reduce the overall time currently being taken for resolution under the IBC. JEL Classification: G00, G33. – Reproduced Bankruptcy, Insolvency, Liquidation. 25472 Bihar Journal of Public Administration BANKRUPTCY - INDIA AR 0 0 ddc 0 0 391642 IIPA IIPA 2021-07-20 17(2), Jul-Dec, 2020: p.605-613 AR124850 2021-07-20 AR