Reforming personal insolvency law in India

dc.contributor.author	Ramann, Siva
dc.contributor.author	Sane, Renuka
dc.contributor.author	Thomas, Susan
dc.date.accessioned	2016-03-07T11:37:58Z
dc.date.available	2016-03-07T11:37:58Z
dc.date.issued	2015-12
dc.identifier.uri	http://hdl.handle.net/2275/384
dc.description.abstract	In India, we have paid more attention to the restructuring and winding up processes for companies. In contrast, the legal framework for insolvency in India is rooted in century old laws. In this paper, we motivate the need for a personal bankruptcy law, and study the existing Indian legal framework in the form of the Presidency Towns Insolvency Act, 1909 for Calcutta, Bombay and Madras and the Provincial Insolvency Act, 1920. We also study the systems in the UK and Australia, and draw lessons for reform for India.	en_US
dc.language.iso	en	en_US
dc.relation.ispartofseries	WP;WP-2015-035
dc.subject	Personal insolvency resolution	en_US
dc.subject	bankruptcy resolution	en_US
dc.subject	entrepreneurs	en_US
dc.subject	sole proprietors	en_US
dc.subject	personal credit	en_US
dc.title	Reforming personal insolvency law in India	en_US
dc.type	Working Paper	en_US