000			01511nam a22001577a 4500
999			_c517572 _d517572
008			210720b ||||| |||| 00| 0 eng d
100			_aGupta, M.S. and Singh, J.B. _926794
245			_aInsolvency and bankruptcy code (IBC) in India: Impact on recovery of NPSs by banks
260			_aBihar Journal of Public Administration
300			_a17(2), Jul-Dec, 2020: p.605-613
520			_aThe 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
650			_aBankruptcy, Insolvency, Liquidation. _925472
773			_aBihar Journal of Public Administration
906			_aBANKRUPTCY - INDIA
942			_cAR