IBC mechanism needs structural changes to expedite faster resolution of companies

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.

from Economy-News-Economic Times https://ift.tt/3iQSqWs