Prof. Jayanth R. Varma's Financial Markets Blog

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Lessons from the Hertz Bankruptcy for Indian Bankruptcy Law

The pandemic induced Hertz bankruptcy in the US has upended a whole lot of what we thought we knew about how to run a bankruptcy proceeding.

What we used to think

What Hertz taught us

Hertz reminds us that there are many exceptions to the received wisdom that guides our thinking and statutes about bankruptcy.

Posted at 1:20 pm IST on Mon, 3 May 2021         permanent link