By Vishnu Makhijani
New Delhi, Aug 9 (IANS): India’s laws relating to insolvency and arbitration are in sync with global practices, but are not a “cure for all problems” and would undergo reform over time to keep pace with the needs of the economy, says Vivek Sood, a Senior Advocate of the Supreme Court who has authored the first comprehensive book on the two statutes.
Indicative of the movement ahead are the recent amendments in the Insolvency and Bankruptcy Board of India Regulations which “are in the right direction as they strengthen the CIRP (Corporate Insolvency Resolution Process),” Sood, the author of “Emergence Of Commercial Justice – Insolvency And Arbitration” (Bloomsbury), told IANS in an interview
The amendments “should …
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