Corporate Affairs Secretary urges insolvency professionals & valuers to adopt self-regulation. Highlights IBC importance & IBBI role.
New Delhi, Oct 1 (PTI) Insolvency professionals and valuers should look at having a very effective self-regulating mechanism, Corporate Affairs Secretary Deepti Gaur Mukerjee said on Wednesday as she highlighted the importance of the insolvency law.
Speaking at the ninth annual day of the Insolvency and Bankruptcy Board of India (IBBI) in the national capital, Mukerjee also said there is a long way to go on the Insolvency and Bankruptcy Code (IBC) as the expectations are high.
The Code, introduced in 2016, provides for a market-linked and time-bound resolution of stressed assets.
There are more than 4,500…