OUTCOMES AND IMPLICATIONS OF CIRP UNDER THE INSOLVENCY AND BANKRUPTCY CODE

This article discusses the theory of corporate restructuring and its importance in the country. It discusses how the different avenues of business restructuring exercises such as mergers, acquisitions, amalgamations, compromises, and arrangement are processed with in respect to the process and avenues provided under the Insolvency and Bankruptcy Code 2016. It also discusses how an IP performs the function of reengineering with respect to sick companies that fall under the rigours of IBC.