The correct answer is Option 4: All of the above.

Explanation:
The Insolvency and Bankruptcy Code (IBC), 2016 was enacted with the following key motives:

1. Consolidation and amendment of laws: To create a unified legal framework for the reorganization and insolvency resolution of corporate persons, partnership firms, and individuals. This replaced fragmented laws and ensured a streamlined process.

2. Maximization of asset value: The Code aims to maximize the value of the debtor’s assets to provide better returns to creditors and ensure fair and equitable distribution.

3. Increase in credit availability: By improving creditor confidence and ensuring timely resolution of debts, the Code promotes a healthier credit market.

These objectives ensure an efficient and robust insolvency process, contributing to economic stability and growth.