000			01443nam a22001457a 4500
999			_c531866 _d531866
008			251104b ||||| |||| 00| 0 eng d
100			_aViswanathan, L . Bisht, Animesh and Sangani, Karan _957666
245			_a According due credit to creditors’ interests: Examining directorial duties in near insolvency and insolvency scenarios
260			_aVikalpa: The Journal for Decision Makers
300			_a50(3), Jul-Sep, 2025: p.191-210
520			_aTwo recent developments in the United Kingdom and Ireland have reignited the debate regarding the scope of the directors’ fiduciary duties during financial distress when the creditors’ economic interests in the company’s assets assume greater significance. This paper examines these developments and discusses the reorientation of the directors’ fiduciary duties that is necessary in near insolvency and insolvency scenarios from shareholder interest primacy to safeguarding the creditors’ interests. This paper further discusses the implications and workability of such position in the Indian context to examine how the directors’ fiduciary duties towards creditors can be formalised under the Indian regime.- Reproduced https://journals.sagepub.com/doi/full/10.1177/02560909241306533
650			_aDirectors, Fiduciary deities, Creditor duty, Insolvency and bankruptcy code, Insolvency, _957667
773			_aVikalpa: The Journal for Decision Makers
942			_cAR