Insolvency And Bankruptcy Reforms In India
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| Author | : Susan Thomas |
| Publisher | : Springer Nature |
| Total Pages | : 198 |
| Release | : 2022-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9811608547 |
This book is about the establishment of the Insolvency and Bankruptcy Code, in 2016, one of the most important new developments in Indian commercial law. The law has major implications for firms, their creditors, and a variety of the professional services that feed into the decisions of borrowers and lenders including lawyers, accountants and valuers. A new profession of insolvency professionals has come to exist owing to the law. There are several questions about bankruptcy reform in the mind of researchers, policy makers and practitioners. How has the reform progressed? How has it reshaped the incentives of firms? What are the difficulties faced? What are the optimal paths for borrowers and lenders and their advisors under the rubric of the law? How should laws and institutions be modified? The book has a unique set of chapters, by key people who have shaped the field which offer novel insights into these questions. The book has been edited by key people who have worked on bankruptcy reform since 2010. Dr. Sahoo has been the chairperson of the Insolvency and Bankruptcy Board of India since the establishment of this regulatory agency. Dr. Thomas was a member of the Bankruptcy Law Reforms Committee which drafted the IBC, and led the internal team of the BLRC which drafted the law. The book is an authentic and credible analysis of the happenings in the Indian insolvency and bankruptcy ecosystem from the start, with interest areas for international and domestic, economics/finance and law, researcher and practitioner communities.
| Author | : Kashyap, Amit |
| Publisher | : IGI Global |
| Total Pages | : 283 |
| Release | : 2018-09-28 |
| Genre | : Business & Economics |
| ISBN | : 1522555420 |
With the increasing interdependence of global economies, international relations are becoming a more complex system. Through this, the growth of any economy is dependent upon the ease of business transactions; however, in recent times, there has been a growing impact of corporate insolvency law. Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy is an essential reference source that discusses the importance of insolvency laws in the financial architecture of emerging economies, as well as its fundamental issues. Featuring research on topics such as business restructuring, debt recovery, and governance regulations, this book is ideally designed for law students, policymakers, economists, lawyers, and business researchers seeking coverage on the jurisprudence and policy of corporate insolvency law in a globalized context.
| Author | : Rakesh Mohan |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2017-01-20 |
| Genre | : Business & Economics |
| ISBN | : 1475570201 |
This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a consequence of successive reforms over the past 25 years, there has been significant progress in making interest and exchange rates largely market determined, though the exchange rate regime remains one of managed float, and some interest rates remain administered. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks continue have a dominant share in the market. Contractual savings systems have been improved, but pension funds in India are still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance can expand much further, which would also provide greater depth to the financial markets. The extent of development along all the segments of the financial market has not been uniform. While the equity market is quite developed, activities in the private debt market are predominantly confined to private placement form and continue to be limited to the bluechip companies. Going forward, the future areas for development in the Indian financial sector would include further reduction of public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion of the insurance and pension systems, greater spread of mutual funds, and development of institutional investors. It is only then that both the equity and debt markets will display greater breadth as well as depth, along with greater domestic liquidity. At the same time, while reforming the financial sector, the Indian authorities had to constantly keep the issues of equity and efficiency in mind.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 108 |
| Release | : 1999-08-02 |
| Genre | : Business & Economics |
| ISBN | : 9781557758200 |
Written by IMF's Legal Department, this book outlines the key issues involved in designing and implementing orderly and effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the prevention and resolution of financial crises. The book draws on lessons learned from firsthand experience by some of the IMF's 182 member countries. It includes an analysis of the major policy choices that countries need to address when designing an insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations.
| Author | : Hanif Zaveri |
| Publisher | : Penguin Random House India Private Limited |
| Total Pages | : 243 |
| Release | : 2021-10-25 |
| Genre | : Biography & Autobiography |
| ISBN | : 9354923119 |
More than forty years after his death, Sanjeev Kumar remains a role model for all aspiring actors. He could light up the screen in underpants, paunch showing, in one of Hindi cinema's most lovable song sequences, 'Thande thande paani se nahana chahiye' (Pati Patni Aur Woh, 1977). Entirely unselfconscious of his image as a star, he would often be cast as the father figure to a number of his contemporaries, most famously Sharmila Tagore in Mausam (1975) and Amitabh Bachchan in Trishul (1978), or as the elderly Thakur in Sholay (1975) and yet leave an indelible mark with his presence and his acting prowess. After starting out in B-films in the 1960s, he caught the eye in Sungharsh (1967), where the manner in which he held his own against Dilip Kumar is now stuff of Hindi film folklore. Equally adept at comedy (Angoor and Manchali, for example) and dramatic serious roles (Anubhav and Koshish), he was truly an actor's actor. Hanif Zaveri and Sumant Batra's biography provides a glimpse of star's personal and professional lives, taking off from the traditional business of the Zariwalas, his romantic involvement with some of Hindi cinema's biggest names, his lifelong battle with loneliness and his glittering achievements on screen. An Actor's Actor is a succinct introduction to the life and films of a star who left us tragically at the young age of forty-seven but who continues to live through his unforgettable and remarkable contribution to Hindi cinema.
| Author | : Jason Chuah |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 646 |
| Release | : 2019 |
| Genre | : Bankruptcy |
| ISBN | : 178811552X |
Executory Contracts in Insolvency Law offers a unique, comprehensive, and up-to-date transnational study of the topic, including an analysis of certain countries which have never previously been undertaken in English. Written by experts in the field, with extensive experience of both research and professional experience, this is a groundbreaking investigation into the philosophies and rationales behind the different policy choices adopted and implemented by a range of over 30 jurisdictions across the globe.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 254 |
| Release | : 2019-11-21 |
| Genre | : Business & Economics |
| ISBN | : 1464814414 |
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
| Author | : Mr.Federico J Diez |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 2021-04-02 |
| Genre | : Business & Economics |
| ISBN | : 1513574566 |
The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
| Author | : Stijn Claessens |
| Publisher | : World Bank Publications |
| Total Pages | : 40 |
| Release | : 2002 |
| Genre | : Bankruptcy |
| ISBN | : |
| Author | : Urjit Patel |
| Publisher | : Harper Collins |
| Total Pages | : 160 |
| Release | : 2020-07-24 |
| Genre | : Business & Economics |
| ISBN | : 9353579155 |
All of us love to spend. But before we can do that, we have to have earned or saved some money. Only sovereigns don't have to: they can print money, or borrow; in our country, where they own banks, they can use our deposits to lend and splurge for goals that may not always be economic in nature. Many rulers have succumbed to the temptation, with dire results - inflation, debased currency, payments crises, bankrupt banks, economic stagnation, loss of public confidence. After centuries of ruinous experiences, some governments learnt, others haven't, to control themselves, create self-governing Central banks and let them manage money and regulate banks. Sometime in 2015, news of unsustainable bad debts (non-performing assets or NPAs) in the Indian banking sector started to first trickle out, and then became a flood. In the forefront were some of India's largest government banks, and a series of tycoons who were running their empires on unpaid debts. The banks' problems landed on the table of Urjit Patel when he became Governor of Reserve Bank of India in September 2016. Based on thirty years of macroeconomic experience, he worked out the '9R' strategy which would save our savings, rescue our banks and protect them from unscrupulous racketeers. In this book, he explains the problem and how it blew up; and how he would have resolved it if he had not been prevented.
