Efficiency Versus Expediency: Investigating The Gaps In India’s Fast Track Corporate Insolvency Process
- YourLawArticle
- Oct 27
- 1 min read
Written by: Ishita Sareen , LL.B , School Of Law, Lovely Professional University, Punjab, India.
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Dr. Mohammad Rafiq Dar, Associate Professor At School Of Law, Lovely Professional University, Punjab, India.
Abstract
This research paper investigates India's corporate insolvency speedy resolution process as part of the Insolvency and Bankruptcy Code, 2016, highlighting the procedural timeframes along with its execution challenges in the speedy resolution process. This research analyzes the speediness of the process in terms of efficiency in corporate debt resolution and highlights the gaps concerning such as delays in the process, insufficient resources, delays in process, and disjointed stakeholders coordination. Some insolvency case studies are analysed to demonstrate the systemic inefficiencies and bottlenecks that create difficulties in timely resolution. The study concludes that while speedy processes are designed to be efficient and to promote creditor welfare, the gaps and inadequacies in implementing the speediness of the process, the deficient support structures, and the evolving complexities of corporate matters reflect on their significance and, as a result, call for policy changes and procedural enhancements.
Keywords: fast track insolvency, corporate debt resolution, IBC 2016, creditor welfare, efficiency of process, delay in processes, insolvency reforms
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