This book is a comprehensive and updated edition to India's evolving distressed asset framework. It captures legislative amendments, regulatory circulars, and key judicial precedents shaping the IBC. It thoroughly covers corporate and non-corporate insolvency processes, offering step-by-step guidance on CIRP, Fast Track CIRP, and PPIRP. Highlighting the Code's 'resolve over liquidation' principle, this resource empowers bankers, legal professionals, and corporate stakeholders to address stressed assets effectively. Reviewed by experts, it also includes practical checklists, case studies, and self-assessment tools for structured learning.