Need a functional IBC framework, not court-dependent solutions, say experts
Experts say proposed changes to the Insolvency and Bankruptcy Code will only work if backed by a functional framework, not left to court-driven resolutions. While the bill aims to speed up timelines, enable out-of-court settlements, and give lenders a bigger role, SC Garg and Kumar Saurabh Singh warn that effective implementation will be key to avoiding delays and misuse.
Experts say proposed changes to the Insolvency and Bankruptcy Code will only work if backed by a functional framework, not left to court-driven resolutions. While the bill aims to speed up timelines, enable out-of-court settlements, and give lenders a bigger role, SC Garg and Kumar Saurabh Singh warn that effective implementation will be key to avoiding delays and misuse.
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