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IBC objective to find solution for stressed assets: NCLT

IANS  |  New Delhi 

Tribunal (NCLT) Justice has said that the objective of the and Code 2016 is to find for stressed assets rather than laying stress on their

According to Justice Kumar, the sole objective of IBC 2016 is to find solutions for stressed assets and that perforce would be the last way out which the tribunal would avoid optimally.

He further said that changing the code is not the mandate of the NCLT as its job is to enforce the Code.

"Bringing about changes in the Code is entirely something which stays in the domain of Parliament," Justice Kumar said while addressing a discussion here on IBC 2016 under the aegis of the PHD Chamber of Commerce and Industry.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 03 2018. 22:00 IST
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