Q.1)The Insolvency and Bankruptcy Code (IBC) has provided a major stimulus to ease of doing business, enhanced investor confidence, and helped encourage entrepreneurship. Critically analyze. 

Why this question:

Important part of GS paper III.

Key demand of the question:

Reforms that have been brought by the IBC and concerns associated with it. Also suggest measures for reform.


Critically analyse- The key to tackling this question is providing ample evidence to support the claims. Ensure that the analysis is balanced by shedding light on, and presenting a critique of, and alternative perspectives. Present extensive evidence taken from a varying range of sources.


Briefly introduce the IBC and its objective.


In the first part, categorically write about the significance of IBC. Use some examples where IBC has been effective.

In the next part, write about the challenges associated with IBC.


Conclude with a way forward.