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As On 27-Nov-2020 10:46
44,150.10
-109.64 (-0.25%)
NIFTY
12,976.75
-10.25 (-0.08%)
SENSEX
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  • All insolvency professionals have to learn the process and technique of mediation

    Dr Ms Mukulita Vijayawargiya, Whole Time Member, (Research and Regulation Wing), IBBI

    The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC). While the Covid-19 has affected all the businesses and corporates, it has had a much larger impact on individuals and the common man and thus involves, larger public interest, as such policies should now be made keeping the larger interest of public in mind. Processes like mediation, pre-pack, fresh start, individual insolvency need to engage with technology and online processes so that even if there is lockdown, we can start with and help the society, the individuals and the corporates to mitigate the impact of Covid-19.

    All professionals have to learn the process and technique of mediation and be mediators so that the insolvency process can be completed in 100 days as against 180 days. If we adopt pre-pack, it can be completed in 80 days also. We need to re-design our work culture, office processes, some amendments may be required in the procedural laws because this is the procedure which regulates the implementation of substantive laws also. So in future CPC and CRPC would be required to be conducted for arguments through video conferencing, Supreme Court is doing it in urgent cases but it may become a regular feature.

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Flash News 27-Nov-2020
  •  ( 10:51) Adani Transmission acquires 49% stake of Alipurduar Transmission from KPTL  
  •  ( 10:03) AU Small Finance Bank makes an investment of Rs 7.70 cr in NCPI  
  •  ( 09:32) Strong market breadth  
  •  ( 09:30) USL revokes SPA entered with Sri Balaji Implex to sell arm for Rs 30 cr  
  •  ( 09:25) Market trading near flat line  
  •  ( 08:12) China's industrial profits rise 28.2% year-on-year in October  
  •  ( 08:10) Asian stocks trading mixed  
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27 November 2020 10:44
2191.00
(1.62 %)
607.40
(-0.88 %)
3227.30
(3.11 %)
4887.55
(1.24 %)
8877.65
(0.69 %)
468.35
(0.01 %)
2213.70
(-1.11 %)
837.25
(-0.61 %)
1419.30
(-0.50 %)
2147.35
(-0.26 %)
474.50
(-0.19 %)
854.55
(0.48 %)
1109.00
(-0.42 %)
194.85
(0.03 %)
1903.90
(0.75 %)
1127.90
(0.75 %)
724.05
(-0.68 %)
7014.10
(0.30 %)
17690.25
(-0.35 %)
95.35
(1.33 %)
80.25
(0.06 %)
193.80
(-1.97 %)
1939.45
(-0.73 %)
242.50
(-1.20 %)
519.75
(1.59 %)
573.60
(0.83 %)
2687.50
(-1.23 %)
863.60
(0.74 %)
1339.90
(0.96 %)
4810.00
(-0.49 %)
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