Tribunal justice system is now a recognised trend globally, but India’s experiment with this has nothing to boast about.
Given diverse judicial functions it performs, the National Company Law Tribunal (NCLT) is burdened with the workload of enormous magnitude and, in the process, it might lose focus on revival and rehabilitation of sick entities.
In the fast-changing scenario of growing cross-border investment, trade and commerce, cross-border insolvency cases are bound to increase and a comprehensive bankruptcy code alone can address such issues, taking into consideration international practices.
Sonam Chandwani, Partner at KS Legal, in an email interview with Zee Business (Digital) delved into various matters related to Insolven…
Read the full article at: http://www.zeebiz.com/india/news-implementation-gap-may-hit-insolvency-and-bankruptcy-code-37535
