Dr M.S. Sahoo, chairperson of Insolvency and Bankruptcy Board of India. Photo: Indranil Bhoumik/Mint
New Delhi: Sending out a strong message, Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo on Saturday said insolvency resolution professionals should not look for ready-made solutions and desist from overcharging for their services.
Against the backdrop of concerns about the conduct and independence of insolvency professionals in certain instances, he asserted that character plays a more important role in insolvency profession. The professionals are key to insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) that provides for market-determined and time-bound resolution.
Dont look for ready-made solutio…
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