The Insolvency Resolution object to do time bound insolvency resolution of corporate persons, partnership firms and individuals and maximisation of assets of stakeholders, to promote entrepreneurship, availability of credit including alteration in the order of priority of payment of dues. Facilitate the process of insolvency resolution and has provision to appointment of insolvency professional. Insolvency resolution process is effective process regulated under Insolvency and Bankruptcy code 2016 where object of the code is to resolve the matter on timely basic so that business run on going concern basic in present and in future to save the interest of stake holders, bankers and employee.