The move comes at a time when the IBC, once hailed as a game-changer for corporate rescues, is bogged down by delays that stretch resolutions beyond the 330-day cap, eroding asset values and frustrating lenders. With over 1,000 cases still pending at the National Company Law Tribunal (NCLT) as of July, the bill promises to slash bottlenecks and empower creditors. “The amendments address statutory charges and introduce pre-pack, group, and cross-border mechanisms—solutions we’ve clamored for,” says Soumitra Majumdar, partner at JSA Advocates & Solicitors. He flags the need for broader consultations to iron out kinks, but sees them boosting creditor muscle without stripping promoter incentives. Read more
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