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Development Economics
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Bankruptcy law in India
» Bankruptcy law in India - Practice Questions
Bankruptcy law in India - Practice Questions
1. An ideal bankruptcy law is one which
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restructures the debt and labor contracts of a failing firm so they can continue to operate
quickly liquidates a failing firm’s assets so they cease to exist
can determine whether option a. or option b. is most appropriate
2. One problem with the bankruptcy law in India is that:
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the process is very fast, so some firms which should be restructured are prematurely liquidated
it is nearly impossible for a firm to file bankruptcy
the bankruptcy process can take up to ten years
