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the world ranking of india in ease of doing business has been improved very significantly this year. india jumped up 30 notches into the top 100 rankings on the world bank’s ‘ease of doing business’ index. one of the major indicators is resolving insolvency. india got the 103 rank in resolving insolvency as compare 136 last year, i.e. after enforcing insolvency and bankruptcy code, 2016. the insolvency and bankruptcy code, 2016 provides a legislative framework for the resolution of the stressed assets, insolvency and liquidation proceedings of corporate, firm and individuals. insolvency and bankruptcy code 2016 provides an exit route to address genuine business failures and provides the space for the genuine business players. this code provides a time bound resolution of the stressed assets within 180 days which can be extended further by 90 days. financial creditor, operational creditor and corporate debtor itself can opt for this code. hon'ble national company law tribunal (nclt),