competition refresher magazine
competition refresher magazine article was published in low utilization of ius despite its vital role in limiting the insolvency resolution time it remains the least utilized pillar of ibc. cross border insolvency it represents special circumstances in which an insolvent debtor has assets andor creditors in more than one country. under ibc it is regulated by section 234 and 235 but they are adhoc in nature and susceptible to delay. 28 issues in functioning of ips and ipas multiple ipas regulating ips lead to various issues such as absence of common standards nonuniformity in decisionmaking lack of due diligence in maintenance of claimants record etc. way forward to resolve insolvencies in a timebound manner and maximize value of all stakeholders the ibc pillars need to strengthened with key reforms in its implementation such as competition refresher magazine subscription.
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