Restructuring and insolvency

By:

SHARMA, NILESH

Material type:

Mixed materialsPublication details: 2013Description: 19-21Subject(s):

RESTRUCTURING

NLM classification:

658.16

In: CHARTERED SECRETARYMSummary: The US financial crisis started in mid 2007 has now become a global financial crisis engulfing all the countries and all the sectors in its reach. The same has given rise to defaults in interest and loan repayments by the borrowers to the banks and financial institutions. The banks are flooded with the requests for restructuring of their loans. A number of borrowers have referred their securities under the SARFAESI Act, 2002. Restructuring and insolvency are the talk of the town. This article throws some light on the meaning of the terms restructuring and insolvency, their advantages and disadvantages, insolvency laws in India.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/1	Available		P14705

The US financial crisis started in mid 2007 has now become a global financial crisis engulfing all the countries and all the sectors in its reach. The same has given rise to defaults in interest and loan repayments by the borrowers to the banks and financial institutions. The banks are flooded with the requests for restructuring of their loans. A number of borrowers have referred their securities under the SARFAESI Act, 2002. Restructuring and insolvency are the talk of the town. This article throws some light on the meaning of the terms restructuring and insolvency, their advantages and disadvantages, insolvency laws in India.

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