IBBI bats for pre-institution mediation between operational creditors and corporate debtors
A paper released by IBBI says that as of April 30 this year, 21,466 cases initiated by OCs were disposed before admission and only 3,818 cases were admitted to the insolvency process.
The Insolvency and Bankruptcy Board of India (IBBI) has suggested that operational creditors (OCs) and corporate debtors (CDs) be given the option of mediation before the insolvency process is initiated.