Mahender Pal Arora, Dr. Vikalp Shrivastava, Dr. Avinash Kumar 2026. Creditor-Led CIRP under IBC has instilled fear in the Corporate Debtors of India, while bankruptcy under U.S. Bankruptcy Code is debtor-friendly and UK insolvency is known for speed, lower professional costs, creditor protection and reduced litigation. Journal of Daoist Studies. 19, S5 (Jun. 2026), 1189–1198.