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Re-imagining MSME lending
14/07/2020

(Co-authored with Amrita Pillai)
The government’s initiatives under the stimulus package have been geared towards helping Indian MSMEs maintain liquidity and ensuring greater credit availability. The emergency credit line, subordinate debt provision and the equity infusion measure, apart from the long-awaited reform to the MSME definition, …
A sophisticated economy is one in which business relationships are defined by formal legal contracts. When extreme events -- such as Covid-19 -- impact upon such an economy, there is a greater disruption. In India, a large part of the economy is held aloft by family relationships or friendship, …
UNMAKING ‘MAKE IN INDIA’
13/07/2020
(Co-authored with Rajesh Raj S.N. and Kunal Sen)
The possibilities of a global economic reorganisation in a post-Covid-19 world has brought the attention of the Indian government back to their flagship ‘Make in India’ programme. Speaking to his council of ministers during the lockdown, Prime Minister …
Applicability of the IBC to public sector enterprises: The case of Hindustan Antibiotics Ltd
03/07/2020
(Co-authored with Sudipto Banerjee and Karthik Suresh)
Since the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, the National Companies Law Tribunal (NCLT) has been admitting insolvency cases against public sector enterprises (for example, the Tamil Nadu Generation and Distribution Co. Ltd., the Northern …