Quantum Coeffectiveness of Individual Insolvency Resolution Process For Corporate Debtorsputing for Digital Transformation of Complex Business Operations (Record no. 19995)

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005 - DATE AND TIME OF LATEST TRANSACTION
control field 20231021141514.0
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040 ## - CATALOGING SOURCE
Original cataloging agency AIKTC-KRRC
Transcribing agency AIKTC-KRRC
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9 (RLIN) 21871
Author Rout, Alekha Charan
245 ## - TITLE STATEMENT
Title Quantum Coeffectiveness of Individual Insolvency Resolution Process For Corporate Debtorsputing for Digital Transformation of Complex Business Operations
250 ## - EDITION STATEMENT
Volume, Issue number Vol.57(12), Dec
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Kolkata
Name of publisher, distributor, etc. CMA Kaushik Banerjee
Year 2023
300 ## - PHYSICAL DESCRIPTION
Pagination 63-68p.
520 ## - SUMMARY, ETC.
Summary, etc. Paradoxically, in India, we find many affluent promoters with sick companies. During the last five years, the Public Sector Banks (PSBs) in India have prudentially written off non-performing assets to the tune of ? 7,27,680 crores which is more than the capital infused by the Government of India in them. The PSBs have a right to recover this huge sum both from the corporates and the promoter-guarantors. The provisions of the Insolvency and Bankruptcy Code (IBC), 2016 relating to individual insolvency resolution process as to the personal guarantors (PGs) to the corporate debtors (CDs) were made effective from 1st December 2019, but have yielded little results even after three years of their implementation. Out of 1,235 applications filed with NCLTs, only 90 cases have been admitted as of 30th June 2022. This Study attempts to find out the causative factors for the delays in PG-to-CD resolution and suggest remedial measures for its smooth progress and maximisation of recovery.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
9 (RLIN) 4690
Topical term or geographic name entry element Construction Engineering and Management (CEM)
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9 (RLIN) 21872
Co-Author Girija Shankar
773 0# - HOST ITEM ENTRY
Place, publisher, and date of publication Kolkata Institute of cost Accountants of India
Title Management and accountant journal
International Standard Serial Number 0972-3528
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URL https://www.icmai-rnj.in/index.php/maj/article/view/172571
Link text Click here
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Source of classification or shelving scheme
Koha item type Articles Abstract Database
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          School of Engineering & Technology (PG) School of Engineering & Technology (PG) Archieval Section 2023-10-21 2023-1461 2023-10-21 2023-10-21 Articles Abstract Database
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