The article discusses the key takeaways from the IBBI's Expert Committee Report. The committee was tasked with exploring the potential use of mediation to resolve disputes within the framework of the Code. The committee has proposed incorporating mediation as an additional method for dispute resolution, which includes:
‣ Difference Between Mediation, Conciliation and Adjudication
‣ Typical Mediation Process in India
‣ Potential Advantages that Mediation can bring to the IBC Arena
‣ Existing Mediation Landscape in India
‣ Navigating the data, i.e. Resolved Insolvency cases out of Court
‣ Maintaining Insolvency Mediations within the IBC framework
‣ Objective of Insolvency Mediation Framework under the Code
‣ Voluntary Mediation in the Indian Insolvency Regime
‣ Mediation in Corporate Insolvency Resolution Process
‣ Mediators Qualifications and Criteria
