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Corporate Insolvency Resolution In India




Krati Rajoria, Associate Professor, National Law Institute University, Bhopal


ABSTRACT


Legislation on insolvency resolution has been a very significant area of law making for ages; this significance has increased over time with the increasing preponderance of credit and security and non-performing assets (NPAs) especially in the corporate world. The non-performing assets in India are clear by-product of the liberalized and globalized financial system. To deal with the NPA issue, several efforts have been made in the past but to our disappointment none have been successful. This article aims at throwing light on the evolution of corporate insolvency and bankruptcy laws in India.


Below is a brief discussion of the developments that took place in order to improve the corporate insolvency resolution system, the working of the present insolvency resolution mechanism and the way forward.


Keywords: Insolvency, Corporate Insolvency, Debts, NPAs, Sick Companies, IB Code, 2016

Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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