Indian insolvency law
By: Sahoo, M.S. and Guru, Anuradha
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Material type: 
BookPublisher: Vikalpa: The Journal for Decision Makers Description: 45(2), Apr-Jun, 2020: p.69-78.Subject(s): Economy, Indian Insolvency Law
In:
Vikalpa: The Journal for Decision MakersSummary: The failure of some business plans is integral to the process of the market economy. When business failure takes place, the best outcome for society is to have a rapid renegotiation between the financiers, to finance the going concern using a new arrangement of liabilities and with a new management team. If this cannot be done, the best outcome for society is a rapid liquidation. When such arrangements can be put into place, the market process of creative destruction will work smoothly, with greater competitive vigour and greater competition.- Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 45(2), Apr-Jun, 2020: p.69-78 | Available | AR124203 |
The failure of some business plans is integral to the process of the market economy. When business failure takes place, the best outcome for society is to have a rapid renegotiation between the financiers, to finance the going concern using a new arrangement of liabilities and with a new management team. If this cannot be done, the best outcome for society is a rapid liquidation. When such arrangements can be put into place, the market process of creative destruction will work smoothly, with greater competitive vigour and greater competition.- Reproduced
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