Prasad, Rohit; Gupta, Gaurav; Mathur, Yogesh B. - In: Asian Journal of Law and Economics 11 (2020) 2
shows that, at an aggregate level, operational creditors and financial creditors realize an equal percentage of their claims … actual divisions in each case. This analysis allows us to hypothesize that when aggregate claims of operational creditors are … operational creditors are large, the Proportional rule does well. But when the claims of operational creditors fall in an …