Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructure
The insolvency resolution process, which seeks to address stressed assets in a quick and time-bound manner, appeared to lose its steam in 2021 with delays and eyebrows were raised over actual realisations as creditors took steep “hair cuts” in some cases. The National Company Law Tribunal, the designated authority under the insolvency law, and the […]