Legal experts say that while the government, courts and the Insolvency and Bankruptcy Board of India (IBBI) have been advancing the cause of Insolvency and Bankruptcy Code (IBC), 2016, they need to introduce stringent guidelines and provide better infrastructure in 2024 to ensure cases are disposed on time.
Mukesh Chand, Senior Counsel, Economic Laws Practice (ELP) talks to Thyagarajan Narendran from moneycontrol.com in the article “IBC in 2024: Lawyers hope for stringent guidelines, better infra at tribunals to avoid delays”about the challenges and the need to address procedural gaps.
