We should expect many legal skirmishes and endless tinkering of the IBC rules in future
Government mulls allowing firms to become insolvency resolution professionals
The Act allows for the creation of a massive bureaucracy and multiple levels of professionals who will all need certification
Reforms are needed to pave the way for the exit of weak firms so that labour and capital can move to healthy ones
Expert panel plans to exempt low-level defaulters from constituting a committee of creditors
Regulations are viewed by some as giving upper hand to lenders reeling under Rs 8 lakh cr of NPAs
The Supreme Court order is not aligned with the policy and legislative intent underlying the IBC
It would be the first such exercise since the RBI directed action on 12 big-size bad loan cases