Mediation

The aim is to encourage a mediation mindset that helps individuals and firms shift from an adversarial win-lose method of approaching business and human interaction, to a win-win way for all

A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.

The top court on July 27 had ordered status quo in the matter and asked the parties involved to explore the possibility of mediation

In 2017, a Bench headed by then Chief Justice of India Jagdish Singh Khehar had mooted the idea of an out-of-court settlement among the rival parties

Mediator would help in facilitating discussion and eventual resolution of the dispute within three months