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Single Bankruptcy Law Case Study

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Dual Insolvency Laws V/s Single Bankruptcy Law A Case of India This paper shows the incidence that corporate failure (Insolvency) has adverse implications on various stakeholders, creditors, suppliers, employees and customers. It also has a ripple effect on the economy, affecting the solvency of many other businesses. Therefore the objective of this paper is to analyze the current Insolvency Laws in India and also to compare the Insolvency Laws practiced in India and U.S. This paper examines the suitability of adapting Single Bankruptcy Law in India and also recommends the areas which India has to focus to meet the International Standards of Insolvency. Index Introduction……………………………………………………………………….….2 Review of Literature…………………………………………...........................18 Data Analysis • Objectives……………………………………………………………………20 • Research …show more content…

The Ministry is also responsible for administering the Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers through the commission set up under the Act. Besides, it exercises supervision over the three professional bodies, namely, Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICAI) which are constituted under three separate Acts of the Parliament for proper and orderly growth of the professions

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