Anmerkungen:
In: The Business Standard (2021)
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 21, 2021 erstellt
Beschreibung:
Delays undermine the core economic rationale of having an insolvency law, which is but a must for navigating the 21st- century business-tech dynamics. India needs a much more strengthened and streamlined AA. A unified, dedicated AA to deal with insolvency, liquidation, and bankruptcy processes of corporates and individuals is ideal to promote specialisation. Considering insolvency proceedings are not adversarial [Supreme Court in Swiss Ribbons, January 25, 2019], and commercial matters are outside its domain [Supreme Court in Kalparaj Dharamshi, March 10, 2021], the AA may comprise one member. This will double the existing capacity of the AA immediately, while a longer tenure with adequate legal and research support will build expertise