Revival of corporate debtor prioritized: insolvency resolution must be time bound to maximize asset value and preserve going concern.

The Code establishes a consolidated, time bound framework for insolvency and reorganisation to maximize asset value, promote entrepreneurship and balance stakeholder interests; it prioritizes revival of the corporate debtor as a going concern rather than mere creditor recovery, distinguishes insolvency resolution from company law liquidation, and requires adherence to timelines to effect meaningful resolution.

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