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Assessing Flaws In The IBC And Proposing Remedies For Enhanced Efficacy: Focus On Bureaucracy, Claims Filing, And The Connection Between Operational Creditors And Liquidation Value

Assessing Flaws In The Insolvency And Bankruptcy Code (IBC) And Proposing Remedies For Enhanced Efficacy: Focus On Bureaucracy, Claims Filing, And The Connection Between Operational Creditors And Liquidation Value





Jivitesh Singh, Guru Gobind Singh Indraprastha University

Shauktika Shashwat, Guru Gobind Singh Indraprastha University


ABSTRACT


This research paper critically evaluates the Insolvency and Bankruptcy Code (IBC) in India, identifying key flaws in its implementation. Specifically, the paper examines challenges related to bureaucracy, claims filing processes, and the interplay between the realization of operational creditors and liquidation value. Drawing on existing literature and expert opinions, the paper provides recommendations to address these flaws and enhance the IBC's functionality.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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