The Supreme Court quashed an NCLT order citing AI-hallucinated fake precedents, equating the damage to the rule of law with a chemical disaster. This highlights the urgent need for mandatory human verification, AI ethics guidelines, and robust judicial governance frameworks.
Click to View MoreThe effectiveness of India’s Insolvency and Bankruptcy Code is being undermined by procedural delays and an overburdened NCLT, where excessive litigation under Section 60(5) has pushed resolution times to over 700 days, necessitating urgent structural reforms.
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