The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code (IBC). It also asked the government to tell which cases were under active consideration of the panel. It has also asked the government to explain whether the committee is permanent in nature, or formed according to the needs.
On November 21, 2017, the government had set up a 14-member panel to identify and suggest ways to address issues faced in the implementation of the law. The committee, chaired by Corporate Affairs Secretary Injeti Srinivas has Insolvency and B…
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