| Topic : Essentials for Corporate law |
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Posted in Community :
Business and Law
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Activity:
Question posted: 05 27 2009 14:30:37 +0000,
1 answers, 303 views, last activity
07 06 2010 20:18:08 +0000
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How does bankrutpcy law in India work? Are there bankrutpcy courts like in the US? The US is plagued with Commercial and Consumer bankruptcy filings, over 1 million last year alone.
Any insight?
Attorney Scott Forgey
http//www.vigilantlegalsolutions.com
1 Answers for "Bankrutpcy Law in India"
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Answered by
Anagha Thakur, Corporate Lawyer
| 05 27 2009 14:55:03 +0000
Not Rated
Here we have three major legislative Acts and several special provisions, which provide procedural guidance on the liquidation or reorganisation process. As a result, four different agencies, the High Courts, the Company Law Board, the Board for Industrial and Financial Reconstruction (BIFR), and the Debt Recovery Tribunals (DRTs) have their say on this matters.......
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