Government may introduce pre-packaged deals in IBC to mitigate covid-19 delays3 min read 06 May 2020, 05:54 PM IST
The pre-packaged scheme will already have a deal and the respective tribunal will just take it up for approval
With a huge backlog of cases, the NCLT benches are stretched and the current delay due to covid-19 will only add to it
MUMBAI: Concerns over delay in arriving at bankruptcy resolutions amid the covid-19 pandemic has prompted the government to examine regulations for a pre-packaged Insolvency and Bankruptcy Code (IBC) scheme, said two people aware of the development.
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