Summary:
There have been some of the big ticket matters going on in different courts and tribunals, obviously delaying the insolvency proceedings and not serving the true purpose of IBC. It is not the role of the lawmakers to provide a security blanket for such lenders. Somehow, this game of give and take has to be stopped, and transparency and accountability have to be brought in fully. IBC is facing very strong opposition powers, and a concerted effort on the part of the legislature, the executive and the judiciary only can be effective. After all, actions speak louder than words..