The World Bank has ranked India 136 for insolvency resolution in 2017, down from its position in 2016 despite the Indian governments hard push towards new insolvency laws. A new regime to deal with insolvency and bankruptcy has been established. In theory, it looks great. But the ills that plague Indias corporate world have not been removed. The efforts to implement the new regime do not match the intent behind it. In reality, they fall short substantially.
Corporate Insolvency in India
Corporate insolvency in India has gone up over the years. As of March 2015, the number of closed companies stood at 268,142. Of this, the number of liquidations and dissolutions was dismally low, at 3.8% of the companies closed. The break-up of co…
Read the full article at: http://themarketmogul.com/india-improve-insolvency-ranking/