Disregard of timelines under IBC a major concern: MCA Secy
Corporate Affairs Secretary Injeti Srinivas has said non-adherence to timelines and inordinate delay in admission of cases are major concerns under the Insolvency and Bankruptcy Code (IBC). There is delay in admission even when the debt is well-established, he added. Srinivas further termed the law a "game changer" and said it has already impacted the behaviour of borrowers and lenders.