Value Destruction and Wealth Transfer Under the Insolvency and Bankruptcy Code, 2016
Pratik Datta ()
Working Papers from eSocialSciences
This article applies theoretical concepts from the law and economics literature on insolvency to identify the sources of these two problems in insolvency law. It then applies these theoretical concepts to the Insolvency and Bankruptcy Code, 2016 to identify two potential sources of the value destruction problem and four potential sources of the wealth transfer problem in the law. Indian policymakers need to revisit some of the fundamental legislative design choices embedded within the Insolvency and Bankruptcy Code, 2016 to successfully address these very sources of the value destruction and wealth transfer problems.
Keywords: eSS; value destruction; insolvency; bankruptcy; insolvency law; bankruptcy code; wealth transfer; World Bank Group (search for similar items in EconPapers)
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