IS IBC AN EFFECTIVE RESOLUTION TOOL?

The IBC, enacted in 2016, streamlines corporate insolvency, recovering ₹3.89 lakh crore with a 32.8% rate. It fosters credit discipline, reduces NPAs, and enhances governance. Challenges include judicial delays and post-resolution uncertainties, as seen in the Bhushan Steel verdict, necessitating tribunal upgrades and legal clarity to ensure investor confidence.