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An expert committee, led by TK Viswanathan, has recommended mediation between lenders and borrowers at the pre-default stage for faster out-of-court resolutions. It proposes a phased introduction of voluntary mediation as a dispute resolution mechanism. The report addresses the issues of insolvency cases exceeding the time frame, erosion of impaired assets, and haircuts by creditors.
An expert committee appointed by the insolvency regulator has recommended the phased introduction of voluntary mediation as a dispute resolution mechanism under the Insolvency and Bankruptcy Code (IBC). The mediation process will complement the existing IBC timelines for resolution processes rather than substituting them.
The authorities will also examine the need for quarterly or biannual financial reporting by such entities
Proposed hate speech provisions should be clear and free of vagueness
Proposed hate speech provisions should be clear and free of vagueness Speech is free, but it is a freedom that comes with responsibility. And responsible speech is not just something that does not contain abuse, defamation or incitement to violence. It is increasingly seen as expression that tends not to discriminate against or incite hatred towards groups based on race, gender, caste, religious belief, sexual orientation, nationality or immigration status. The world has moved away from a free speech doctrine based on a formal equality among different viewpoints to one that discourages the t...