• Sanskar Singh

In this paper, we provide a comparison of the bankruptcy in which Kingfisher Airlines was involved under the pre-IBC framework and a fictitious resolution of the same airline’s bankruptcy following the IBC’s resolution processes implemented in 2016 and beyond. The focus will be on how various measures under the IBC such as speedy resolution processes, exclusive entry of the tribunal, and management by independent professionals, would have impacted the direction of the insolvency proceedings of Kingfisher. In doing so, this paper discusses the lessons learned from the differences created by IBC in terms of recovery rates, corporate governance, and levels of interest of the investors in the case of India and any other countries influenced by Indian IBC reforms in the future with regards to corporate insolvencies.

Kingfisher Airlines, Insolvency and Bankruptcy Code (IBC) 2016, Corporatization in India, Pre-IBC and post-institute of bureaucracy commentary analysis, Mechanisms for resolving bankruptcies, Recovering debts in a country, Distressing and restructuring finance, The Company Law Tribunal of India, Doggone creditors in ruination, Changes in business leadership in India, Embattled Economies Of Several Nations India Case studies IBC effectiveness in emerging economy banks, Role of insolvency practitioners, Conceptions of bankruptcy in societies in transition, Management of corporate foreclosures.

"Empirical Study of Kingfisher Airlines Bankruptcy Implications of Pre-2016 vs. Post-2016 Insolvency and Bankruptcy Code in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 11, page no.c241-c251, November-2024, Available :http://www.jetir.org/papers/JETIR2411232.pdf

"Empirical Study of Kingfisher Airlines Bankruptcy Implications of Pre-2016 vs. Post-2016 Insolvency and Bankruptcy Code in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 11, page no. ppc241-c251, November-2024, Available at : http://www.jetir.org/papers/JETIR2411232.pdf