Abhishek Tripathi and Avantika Shukla look at role of adjudicating bodies in IBCs evolution
The Insolvency and Bankruptcy Code, 2016 (IBC), is considered to be among the biggest achievements of the National Democratic Alliance (NDA) government. With the NDA coming back to power, it can be assumed that the IBC will receive a greater push. The role of adjudicating authorities will be crucial and recent judgments show that the courts have risen to the challenge.
The Supreme Court has led the way by showing the necessary urgency in disposing of insolvency matters, and the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) have followed in its footsteps by upholding the sanctity of the…
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