Asserting that resolution plans should balance interests of all stakeholders, IBBI chief M S Sahoo has said operationalising the individual insolvency framework as well as developing the market for interim finance are among the priorities for the regulator.
In one year of existence, the Insolvency and Bankruptcy Board of India (IBBI) has already put in place the infrastructure ecosystem and now has over 1,000 insolvency professionals registered with it.
The IBBI was established under the Insolvency and Bankruptcy Code on October 1, 2016.
“The insolvency and bankruptcy resolution has been a reform by the stakeholder, for the stakeholder and of the stakeholder given the progress so far,” Sahoo told in an interview.
With swift enact…
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