New Delhi: Corporate affairs secretary Deepti Gaur Mukerjee on Saturday called on insolvency professionals to “push boundaries of corporate turnaround” to rescue every possible insolvent firm, prevent liquidation and maximise value for stakeholders. And they must do so without delay while maintaining utmost professional integrity, she said.
The code of conduct, stipulating certain dos and don’ts for insolvency professionals, is a “non-negotiable ethical anchor” and that a half of the Insolvency and Bankruptcy Code’s (IBC’s) success hinges on how effectively they discharge their duties, she said.
Mukerjee was speaking at an event, organised by the Indian Institute of Corporate Affairs here.
“You have to exhaust each and…