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Reforming Personal Insolvency Law in India

Siva Raman, Susan Thomas and Renuka Sane ()

Working Papers from eSocialSciences

Abstract: This paper motivates the need for a personal bankruptcy law, and study the existing Indian legal framework in the form of the Presidency Towns Insolvency Act, 1909 (PTIA) for Calcutta, Bombay and Madras and the Provincial Insolvency Act, 1920 (PIA). We also study the system in the UK and Australia, and draw lessons for reform for India.

Keywords: personal insolvency resolution; bankruptcy resolution; entrepreneurs; sole proprietors; personal credit; Calcutta; Bombay and Madras; India; legal framework (search for similar items in EconPapers)
Date: 2016-05
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Working Paper: Reforming personal insolvency law in India (2015) Downloads
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