International Journal of Social Science & Economic Research
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1. Christ (Deemed to be university)
2. Associate Professor, Department of Commerce, Christ (Deemed to be university)

JOSHY, TISSA MARIA, and Dr. UMA V. R. "BANKRUPTCY LAW IN INDIA AND CHINA: A COMPARATIVE STUDY." Int. j. of Social Science and Economic Research, vol. 4, no. 2, Feb. 2019, pp. 1346-1354, Accessed Feb. 2019.
JOSHY, T., & V. R, D. (2019, February). BANKRUPTCY LAW IN INDIA AND CHINA: A COMPARATIVE STUDY. Int. j. of Social Science and Economic Research, 4(2), 1346-1354. Retrieved from
JOSHY, TISSA MARIA, and Dr. UMA V. R. "BANKRUPTCY LAW IN INDIA AND CHINA: A COMPARATIVE STUDY." Int. j. of Social Science and Economic Research 4, no. 2 (February 2019), 1346-1354. Accessed February, 2019.

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Insolvency and Bankruptcy Code was introduced in the 2016 in India. Before the introduction of this new code, India had multiple laws laid down. Due to multiple laws prevailing in India, there had been occurred major defaults and scams which made the situation worse. So, Government of India, decided to come up with a new code. The new code is still in progress. It was reported that huge amount of money already recovered since last 2 years. The study was conducted to get a clear understanding about the relevance of new code in the current scenario by comparing it with bankruptcy law prevailing in China for the last 10 years. The study concluded that China's bankruptcy law seems to be more efficient in its operation compared to bankruptcy law in India though China does not have personal insolvency system.