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ABOUT THE BOOK  

This book provides a comprehensive guide to India's insolvency and bankruptcy regime, detailing its significance across legal, economic, and societal dimensions. It thoroughly examines the Insolvency and Bankruptcy Code (IBC), assessing its impact in managing insolvency challenges for individuals and corporations. The book traces the historical evolution of insolvency laws from ancient India through the British era to post-independence reforms, providing a socio-economic context for modern insolvency legislation. Analyzing the IBC's objectives-promoting entrepreneurship, protecting creditors, and resolving insolvency cases efficiently-underscores the need for a structured framework to stabilize the economy. Key legal developments, including the Bankruptcy Law Reform Committee (2014) and Insolvency Law Committee (2020), are discussed, highlighting reforms aimed at streamlining processes and enhancing accountability. With a focus on global practices, the book explores comparative international insolvency frameworks and their applicability to India, offering insights into how international principles could strengthen India's regime. The final chapters propose actionable recommendations to address current challenges, aiming for an equitable framework that balances debtor and creditor rights. Ideal for students, practitioners, policymakers, and academics, this book deepens understanding of insolvency law's complexities and promotes further discussion in this critical legal domain.