NewzThe Supreme Court of India has raised serious concerns regarding the inadequate infrastructure at tribunals operating under the Insolvency and Bankruptcy Code (IBC). The apex court highlighted that the poor state of facilities adversely impacts the efficient functioning and administration of justice within these specialized forums.
The intervention underscores ongoing institutional challenges in India's commercial adjudication framework, where timely dispute resolution is critical for the success of insolvency proceedings. Legal experts note that infrastructural deficits can lead to delays, potentially undermining the objectives of the IBC to revive distressed businesses and maximize asset values.
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