ISSN 2581-5369
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Revival and Restructuring of Sick Companies
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Nishtha Singh
Student at Amity University, Lucknow Campus, India
Abstract
“Business failures, including the corporate bankruptcy phenomenon, are sobering economic realities reflecting the uniqueness of corporate death.” It is the harsh reality that in the competitive market, some enterprises will fail to survive. In India, industrial disease has increased in both the large and small industries. Reassuring oneself that this is, in part, a byproduct of industrial expansion, does not lessen the gravity of the issue. However, there are measures which can be helpful for an enterprise to take its own stand in today’s economy. Corporate restructuring is a way to revive sick organizations. Due to its numerous benefits, such as enhanced corporate performance and stronger corporate governance, it has long- lasting impacts on the company. The paper highlights the historical background of corporate restructuring. The aim of this paper is to understand the legislations governing the revival of enterprises in India.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 7, Issue 3, Page 79 - 90
DOI: https://doij.org/10.10000/IJLMH.117476Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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