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Letter to BS: Mediation can be before the insolvency process, not during

There should be no provision for mediation by amending the law

INSOLVENCY
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This refers to “Do not dilute IBC” (April 25). The conclusion that the mediation should be before the insolvency process and not during, is unexceptionable. At the same time, I want to draw attention to the very succinct comment on mediation made by Debashish Basu in today’s newspaper in his article under the heading, "IBC: Towards the inevitable". He has described this mediation mechanism as an impractical quick fix. I agree with him that this mediation will be one of the ways by which the promoters and lawyers will try to "game the system" into inevitable delay. If the promoters

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First Published: Apr 30 2019 | 10:16 PM IST

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