Asset quality concerns remain, bad bank to lessen the burden, says BCG
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Staff shortage at NCLT hurting IBC process
Lawyers said the knock on effects of these delays will be felt on the economy as resolutions are stalled and potentail investors walk away rather than wasting their time in courts.
Synopsis
The government s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of India (IBBI) officials and NCLT members say that the neglect of NCLT could turn the government s best reform into yet another failure.
The much delayed bankruptcy resolution process is set to be hit badly in the next few months crippling the already struggling lenders as operations at the National Company Law Tribunals (NCLT) across the country which already had a shortage of people will face a further contraction due to retiring judges.
Bankruptcy: NCLT delays compounded by lack of new appointments
Lawyers said the knock on effects of these delays will be felt on the economy as resolutions are stalled and potentail investors walk away rather than wasting their time in courts.
Synopsis
The government s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of India (IBBI) officials and NCLT members say that the neglect of NCLT could turn the government s best reform into yet another failure.
The much delayed bankruptcy resolution process is set to be hit badly in the next few months crippling the already struggling lenders as operations at the National Company Law Tribunals (NCLT) across the country which already had a shortage of people will face a further contraction due to retiring judges.
Wadia Ghandy has promoted eight fee-earners to its partnership, growing to 41 partners.
The new partners and their practice areas and LLB alma mater, respectively, are:
Anant Kaushik (corporate; HNLU Raipur)
Abinash Pradhan (real estate, litigation, ADR; KIIT Bhubaneswar)
Abir Patel (real estate; Mumbai University)
Jash Agrawal (banking & finance; KIIT)
Nanki Grewal (real estate, litigation, ADR; GLC Mumbai)
Piyush Kumar (banking & finance; NLU Jodhpur)
Raghavindra Gupta (litigation & dispute resolution; GLC Mumbai)
Shachi Udeshi (litigation, ADR, real estate; Pravin Gandhi College of Law Mumbai)
Wadia Ghandy now has a total of
41 partners, of whom 35 are in Mumbai, 3 in Ahmedabad, 1 in Pune and 2 in Delhi.
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