News & Media 3rd Oct 2025

Bankruptcy early-warning system on IBC reform agenda

Authors

Mukesh ChandSenior Counsel | Mumbai

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Our Senior Counsel Mukesh Chand has been quoted in the recent Mint article “Bankruptcy early-warning system on IBC reform agenda” authored by Gireesh Chandra Prasad.

He suggested reinstating a pre-IBC legal provision that required directors to initiate restructuring before defaults escalate. He also noted that early warning and pre-insolvency tools fall under the purview of the RBI and related agencies, not the IBBI, and urged states to tighten promoter screening, safeguard project escrows, and ensure stronger enforcement.

Read the full article here

 

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