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Letter to BS: Amendment of IBC on cards to ensure NCLT is obeyed

All efforts should be made to make the Insolvency and Bankruptcy Code a success

Business Standard 

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This refers to “Amendment of on cards to ensure is obeyed” (February 14 ). This is a welcome move by the government. The recent judgment of Supreme Court clearing the (NCLT) to take a decision on ArcelorMittal's bid is genuinely a stimulant to this process.

The matter was already delayed by 571 days against the deadline of 270 days. In order to successfully roll out the non-performing assets (NPAs) resolution process, it is necessary to give a free hand to the so that there aren't unnecessary delays.

All efforts should be made to make the and Code a success.

Partha Sarathi Mukhopadhyay, Nagpur

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First Published: Mon, February 18 2019. 01:06 IST