Success of out-of-court settlement under IBC depends on framework, implementation
The Lok Sabha recently passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, effecting a major overhaul of insolvency framework since the Code’s enactment in 2016. | Photo Credit: lakshmiprasad S The out-of-court settlement proposed under Insolvency and Bankruptcy Code will reduce the load on NCLT and help promoters to turn around assets without getting…

