So there is considerable scope for it to continue to catch up with the advanced economies.3 A range of estimates for potential output growth have been constructed based on predictions of these three elements of production.
Rather, the resolution values must be compared with the next best alternative for the creditors, which in this case is liquidation. Of the CIRP cases that have yielded resolution, financial creditors have been able to realise 166% in comparison to the liquidation value of the debtors indicating that creditors have been better-off than the next logical outcome.