Mia Mahmudur Rahim (University of New England (Australia) – School of Law) has posted ‘Rules-Based’ Corporate Capitalism: Reading Bad Boy Billionaires-India as a Socio-legal Archive on SSRN. Here is the abstract:
Across four emblematic episodes—Satyam Computer Services Ltd., Sahara India Corporation Ltd., Kingfisher Airlines Ltd., and Firestart Diamond Int. Ltd.—the paper traces how the state deploys categorisation and perimeter regulation (wilful defaulter, fugitive economic offender, personal guarantor) to re-centre control and accountability in corporate liability design. It argues that corporate scandals do not merely reveal private wrongdoing; they function as recurring stress tests of enforcement credibility in a promoter-led political economy where concentrated control persists alongside formal governance reforms. The article concludes that durable rules-based corporate capitalism depends less on spectacular enforcement and more on process-centred discipline, credible gatekeepers, investigatory capacity, civil remedy pathways and procedurally defensible reputational sanctions.
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