Govt to Set Up Integrated Tech Platform to Boost Insolvency Ecosystem, Strengthen Tribunals: Jidesh Kumar Shares Insights in DT Next Article
The Government of India announced a major initiative to enhance the insolvency ecosystem and fortify the functioning of tribunals. This move is part of a broader strategy to streamline the Insolvency and Bankruptcy Code (IBC) process, ensuring greater efficiency and transparency.
Jidesh Kumar underscored the significance of this development in a recent DT Next article. He highlighted that the creation of an integrated technology platform will play a pivotal role in achieving these objectives.
“An integrated technology platform will be developed to ensure effectiveness, greater consistency, transparency, and oversight for all stakeholders involved in the IBC process,” Jidesh Kumar stated. He emphasized that strengthening tribunals is crucial for the early and efficient disposal of matters under the IBC, thereby enhancing the overall insolvency resolution framework.
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