TABLE OF CONTENTS 1. Certificate; 2. Declaration; 3. Acknowledgment; 4. Table of Contents; 5. Introduction; Background; Statement of problem; Importance of study; Citation; Hypothesis; Research methodology; Scope; Research questions; Chapterization; Literature review; Introduction; 6. Recovery of debt under the erstwhile laws; Generality of insolvency laws framework in different jurisdictions; The then Indian legal regime; Recovery of debts; Case analysis; Interplay of the enforcement of debt laws and SICA; Interplay between SARFAESI Act and RDDBFI Act; 7. New era under the Insolvency and Bankruptcy Code, 2016 ; Introducing the Code; What changes has the Code brought? ; Framework of the Code; Institutions established under the Code; Corporate Insolvency resolution Process; Liquidation route under the Code; Assets distribution under the Code; Limitation of liability; Role of NCLT; Fast track procedure for start- ups; Role of the Code in the recovery of debts; Other features under the Code; 8. Challenges under the Insolvency and Bankruptcy Code, 2016; General challenges; Challenges in terms of recovery of debt; Dual responsibility challenge; Non essential judicial intervention; Legislative discrepancies; Other infrastructural incompetence; 9. Suggestions and Challenges; Suggestions; Conclusions; 10. Bibliography.