Scope for Mediation in Indian Insolvency - A Close Look

Authors

  • Puzhankara Sivakumar Director, SEP Learning and Corporate Solutions Private Limited, Kochi
  • Ranjith Krishnan Sustainability Consultant, Thane
  • Anju Panicker Director, SEP Learning and Corporate Solutions Private Limited, Kochi

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Abstract

Mediation, in simple terms, is a process by which a neutral third party facilitates a dialogue between disputing parties in the right environment to come to a mutually agreeable ground for settling the dispute, thereby maintaining cordial relationships through co-operation. The nature of this mechanism is adaptive enough for application to different scenarios and can evolve as a complementary process for litigation, thereby reducing judicial stress and overload. This article explores the practicality of mediation practices under the IBC regime.

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Published

2024-04-18

How to Cite

Sivakumar, P., Krishnan, R., & Panicker, A. (2024). Scope for Mediation in Indian Insolvency - A Close Look. The Management Accountant Journal, 59(4), 20–24. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173437

Issue

Section

Cover Story

References

Mediation Training Manual of India by the Mediation and Conciliation Project Committee, Supreme Court of India

Report of the Expert Committee on Framework for Use of Mediation under the Insolvency and Bankruptcy Code, 2016 dated 31st January, 2024

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