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Zombie Firms, Evergreening, and Insolvency: Recalibrating India’s Credit and Regulatory Architecture
Zombie companies drain capital from healthy firms and undermine policy tools. India's shift toward strict enforcement is beginning to bear fruit, but ongoing vigilance, strict identification of NPs, strong insolvency procedures, and a strong banking culture are required to prevent credit from pushing zombies rather than innovation.
Megha Pillai, Aarusha Yadav
3 days ago6 min read
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Rethinking SC’s Liquidation Order in BPSL Case: Examining Commercial Reality
It is argued that the SC could have explored other possible remedies, such as sending the resolution plan back to CoC to remedy the non-compliances and imposing penalties on responsible entities.
Mahabhashyam Uma Arpita, Mushabbarin Chowdhury
Jul 16 min read
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