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Resolutions gather pace, but recoveries take time for banks

For banks, however, the resolution is not the end of the road because NCLT orders are still being challenged by other creditors and debtors as the bankruptcy code is put to the test in higher courts. ....

Bankruptcy Board , Financial Reconstruction , Castex Technologies , Insolvency Process , Jyoti Structures , Bankruptcy Board Of India , Amtek Auto , Reliance Jio , Bankruptcy Code , திவால்நிலை பலகை , நிதி புனரமைப்பு , நொடித்துப்போனது ப்ரோஸெஸ் , ஜையோடீ கட்டமைப்புகள் , திவால்நிலை பலகை ஆஃப் இந்தியா , அம்டெக் ஆட்டோ , நம்பகத்தன்மை ஜிோ , திவால்நிலை குறியீடு ,

Staff shortage at NCLT hurting IBC process

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. ....

National Company Law Tribunals , Surpeme Court , Bankruptcy Board Of India , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயங்கள் , திவால்நிலை பலகை ஆஃப் இந்தியா ,