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While speaking at colloquium on Insolvency law and associated best practices, the judge also observed that the IBC has shifted the insolvency process, from debtor-centric to creditor-centric.
Justice NV Ramana of the Supreme Court recently spoke on “Judicial Sensitisation on Insolvency Law And Associated Best Practices”, at a colloquium held on Friday.
At the outset of his address, he quoted Lord Mishcon by saying that “Insolvency is not a very thrilling or amusing subject” and went on to add, “… uninteresting as it may be, it is nevertheless a very important subject area”, by quoting Edward Jenks, the noted English jurist.