Making Tribunals Effective
Vidhi Proposed
Redraft the Tribunals Bill, 2014 to ensure uniformity in appointment, terms and conditions of service and retirement of tribunal members.
Action Taken
Supreme Court sought Centre’s view on bringing all the tribunals under one umbrella to ensure that the tribunals work efficiently and independently. (March 2019)(The Economic Times).
Reform Bankruptcy Laws for Individuals
Vidhi Proposed
Existing Personal insolvency laws for limiting judicial discretion and making the system objective taking into account modern day practices.
Action Taken
Insolvency and Bankruptcy Code, 2016 came into existence, that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner
Reform the Corporate Insolvency System
Vidhi Proposed
Amend the Companies Act 2013, and introduce pre-packaged administration for resolving insolvencies within the existing framework.
Action Taken
Insolvency and Bankruptcy Code, 2016 came into existence, that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.