HARMONIZING SOLUTIONS: IBBI EXPERT COMMITTEE ADVOCATES VOLUNTARY MEDIATION IN IBC
By JATIN SHARMA ADVOCATE HARMONIZING SOLUTIONS IBBI EXPERT COMMITTEE ADVOCATES VOLUNTARY MEDIATION IN IBC In a significant development aimed at bolstering the effectiveness of the Insolvency and Bankruptcy Code (IBC), an expert panel convened by the Insolvency and Bankruptcy Board of India (IBBI) has proposed the introduction of voluntary mediation as a complementary mechanism for dispute resolution. This recommendation marks a pivotal step towards streamlining insolvency proceedings and fostering consensual resolutions in the Indian corporate landscape. The expert panel’s recommendation emphasizes the recognition of mediation as a valuable tool for…
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