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

There should be no provision for mediation by amending the law

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