NEW DELHI/KOLKATA: The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capability-assessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially Rs 8-lakh-crore exercise, seeking to win over an ecosystem that remains skeptical about the efficiency of the recovery infrastructure.
“Inspection and investigation are important regulatory responsibilities,” said MS Sahoo, chairperson of the newly established IBBI. “These need to be discharged with due care and diligence, with the least disruption to business. The regulations provide for discipline in the process of inspection and investigations.”
Concerns have been raised that Insol…
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