The insolvency and bankruptcy code is not living up to its promise

The Insolvency and Bankruptcy Code, 2016, rests a lot on the pivot of an efficient time frame to ensure speedy resolution. Remember, this was a cause of concern with the erstwhile Board for Industrial and Financial Reconstruction. A resolution professional has been entrusted with various duties and tasks to ensure in all fairness the protection of the rights of debtors and creditors.