The interests of corporates are conflated with interests of its promoters. The IBC ensures that the interests of corporate persons and its management are preserved in a balanced manner.
The IBC aims to ensure that interests of a corporate person are not intertwined with interests of its promoters. And that the economic value of corporate persons is broader than the partisan interests of its management. This can only be ensured if the integrity of CIRP is preserved. For further details on this viewpoint see Arun Kumar Jagatramka v Jindal Steel and Power Ltd AIR 2021 SC 1563.