CORPORATE INSOLVENCY
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DOI:
https://doi.org/10.55662/Abstract
By the raising of the global economy, there is also increasing the problems with corporate insolvency. The issues about corporate insolvency has big significance, and lot of people think that this law needs reforms.
The Indian economy is making investments in lot of outside companies but it is also opened for foreign investments.
High Level Committee headed by Justice V.B. Balakrishna Eradi, has been set up by the India government in the 1999.
The Department of Company Affairs had given a mandate to the Committee to examine and make recommendations with regard to desirable changes in existing law on winding up of companies so as to achieve more transparency and avoid delays in final liquidation of companies.
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