Scope for Mediation in Indian Insolvency - A Close Look
DOI:
https://doi.org/10.33516/maj.v59i4.20-24pKeywords:
No Keywords.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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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