Abstract

The scope of the study is limited to BRICS nations.The study relied on published data from the World Bank's EoDB reports from 2010-2020 to achieve the first objective of analyzing the impact of EoDB parameters, particularly resolving insolvency issues, on its ranking. Descriptive statistics was the techniques applied for the analysis and interpretation of the findings. Besides, for the second objective, the research examined the legal framework of insolvency resolution through IBC 2016 vis-a-vis judicial pronouncement to understand government strategies, stakeholders' confidence and the business environment aiding EoDB ranking.