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IBC mechanism needs structural changes to expedite faster resolution of companies SECTIONS Share Synopsis The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the timeline for submission of objections on resolution plan and credible data management on on-going cases which will help in ironing out major creases that thwart the faster resolution of cases. ThinkStock Photos The rate of filing of new cases has far exceeded the rate of closure of ongoing cases, resulting in nearly 75% of the 1,942 ongoin...

By Polsinelli PC issued the following announcement on Jan. 21. Am Law 100 firm Polsinelli has been honored with two awards by Global M&A Network: “Cross-Border M&A Deal of the Year” and “Chapter 11 Restructuring of the Year.” Both awards are in the mid-markets category. The firm was recognized at the 12th Annual Intelligence Forum virtual event on Jan. 21, 2021. Polsinelli’s recognition as the “Cross-Border M&A Deal of the Year” (mid-markets category) was awarded for its representation of Orchids Paper Products Company, including Fabrica de Papel, a U.S. publicly traded p...