Pre Packaged Insolvency - Exploring An Alternative Framework For Bankruptcy Resolution In India

Title

Pre Packaged Insolvency - Exploring An Alternative Framework For Bankruptcy Resolution In India

Creator

Kumar S.; Jain V.

Description

This article is a review of literatures on the need for alternative bankruptcy resolution framework in India. The study explores the context & background to the recent initiation of limited Pre-Packaged Insolvency in India. The article makes a strong case for having a private & pre-negotiated mode of debt resolution along with the existing CIRP framework in India. The article provides a comparative perspective of CIRP and Pre-pack driven resolution model in India. The research paper also addresses some of the potential challenges & concerns related to initiation of pre-pack in India & accordingly discusses the relevant safeguards for the same. Lastly, the study also provide a brief view of pre-pack model currently practised in USA. The Electrochemical Society

Source

ECS Transactions, Vol-107, No. 1, pp. 4129-4146.

Date

2022-01-01

Publisher

Institute of Physics

Coverage

Kumar S., School Of Business And Management, CHRIST (Deemed To Be University), Maharashtra, Pune, 412112, India; Jain V., School Of Business And Management, CHRIST (Deemed To Be University), Maharashtra, Pune, 412112, India

Rights

Restricted Access

Relation

ISSN: 19386737; ISBN: 978-160768539-5

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1149/10701.4129ecst

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85130578261&doi=10.1149%2f10701.4129ecst&partnerID=40&md5=c18526e56da2a71e8913a1bb3251ad5f