Mediation and third-party funding can boost insolvency resolution process: NPS Chawla of Aekom Legal

NPS Chawla, co-founder of law firm Aekom Legal, in an interaction with ET highlighted the Insolvency & Bankruptcy Code (IBC) 2016’s progress, addressing methods to improve resolution rates, such as mediation and third-party litigation funding. The discussion also touched on enhancing the framework for real estate insolvency cases and emphasized the need for continued evolution of the IBC system.