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The move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion of stressed asset value, said a senior official.
The tribunals dealing with Insolvency and Bankruptcy Code (IBC), 2016 have been subject to criticism mainly due to pendancy of cases.
The article provides a brief look at important orders passed by the NCLAT under the IBC between October 16 and October 31, 2023.
The move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion of stressed asset value, said a senior official.
Sabka Vishwas Scheme: Supreme Court Grants Relief To Company Which Missed Deadline Due To IBC MoratoriumThe Supreme Court Bench comprising of Justices M R Shah and Justice B V Nagarathna has remarked...