AI AND COLLABORATIVE TECHNOLOGY IN INSOLVENCY
Ancoraa Resolution30 Jun, 2023Business
The IBBI recently released discussion papers to improve the Corporate Insolvency Resolution Process (CIRP) efficiency and simplify liquidation. However, the issue of high case numbers, complex procedures, and the requirement of numerous documents still needs to be addressed. Recently, the president of the National Company Law Tribunal (NCLT) suggested the adoption of artificial intelligence (AI) Insolvency technology as a crucial step to accelerate early insolvency resolution.
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