India Is No Country for Dying Firms - NewsBreak

A telecom carrier and a retailer are showing a mirror to India's tryst with assisted corporate demise and rebirth. The image staring back is one of defeat snatched from the jaws of victory. As the five-year-old bankruptcy experiment flounders, blame it on what development scholars refer to as "isomorphic mimicry": Emerging economies ape the form of successful Western institutions but leave them dysfunctional and devoid of content, almost guaranteeing their failure.