  Corporate bankruptcy impacts the functioning of the economy as it impacts its
various stakeholders: Shareholders, financial and operational lenders, and the
government. This paper aims to study the impact of a wide array of
profitability, leverage and efficiency ratios to predict early signs of
bankruptcy in public listed companies in India using a logistic regression
considering impacts at two levels: one year and two years before the filing of
bankruptcy with the NCLT during the year 2019. The study proves that the
accuracies of the classification model are 81.4% and 85.1% respectively for one
year and two years before the bankruptcy.
