1. What is the difference between bankruptcy and liquidation? Explain. 2. What are the key steps involved in the liquidation process? Explain. 3. Mention some of the key potential opportunities in...

1. What is the difference between bankruptcy and liquidation? Explain.

2. What are the key steps involved in the liquidation process? Explain.

3. Mention some of the key potential opportunities in reviving sick units?

4. Describe the framework for identification of sickness and possible broad steps for rehabilitation.

5. What are the vital bottlenecks and issues that are getting addressed by the policy measures to overcome sickness in an industry?