000			01054nam a22001577a 4500
999			_c515792 _d515792
008			210208b ||||| |||| 00| 0 eng d
100			_aSahoo, M.S. and Guru, Anuradha _924123
245			_aIndian insolvency law
260			_aVikalpa: The Journal for Decision Makers
300			_a45(2), Apr-Jun, 2020: p.69-78
520			_aThe 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
650			_aEconomy, Indian Insolvency Law _921744
773			_aVikalpa: The Journal for Decision Makers
906			_aBANKRUPTCY - INDIA
942			_cAR