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Evolution of the insolvency framework for non-financial firms in India

Rajeswari Sengupta (), Anjali Sharma and Susan Thomas ()

Working Papers from eSocialSciences

Abstract: In this paper, the evolution of the corporate insolvency resolution framework, with the objective of linking it back to the policy directive of the time is described. It is concluded that when policy adopts a piecemeal approach focusing on solving only a part of the complex problem, one at a time, it most often leads to inefficient outcomes on the overall objective. [WP-2016-018]

Keywords: Indian insolvency law; Restructuring; Winding up; Secured creditors; Debt recovery; Insolvency and Bankruptcy Code (search for similar items in EconPapers)
Date: 2016-07
Note: Institutional Papers
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