Corporate Insolvency Laws in India: Issues and Challenges
No Thumbnail Available
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
National Law University and Judicial Academy, Assam
Abstract
Insolvency is a state at which an individual, company, or other association can't meet its financial transactions or liabilities for paying their obligations to the creditors. Insolvency can happen when certain things occurs, some of which may include: poor money administration, increment in real money costs, or decline in income.
Description
In contemporary world, insolvency is a subject-matte which is gaining momentum at a faster pace. This work is a response to the insufficient laws which were in existent and got repealed with time, due to its slow pace, deficient nature and its inability to meet the needs of the creditors.
Keywords
Corporate insolvency, Companies and financial organizations, Insolvency and Bankruptcy Code 2015