Experts see potential for streamlined insolvency process in IBBI’s mandatory mediations for operational creditors, ET LegalWorld
The Insolvency Bankruptcy Board of India has proposed that operational creditors can exercise the option of mediation before filing insolvency applications under Section 9 of the IBC. Under this scheme, the operational creditor can undergo mediation with the aid of a mediator, as provided under the Mediation Act, 2023. The IBBI’s proposal for mandatory mediation […]