Supreme Court says Jet Airways case an eye-opener, suggests reforms to IBC

The Court suggested reforms to the IBC with respect to timelines, guidance to the Committee of Creditors (CoC) and constitution of a monitoring committee.
Supreme Court and IBC
Supreme Court and IBC
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The Supreme Court on Thursday said that the Jet Airways case has been an eye-opener which has brought to light deficiencies in the Insolvency and Bankruptcy Code (IBC) which need to be addressed.

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