The Insolvency and Bankruptcy Code (IBC) continues to strengthen corporate governance standards and the credit market, says Shailendra Ajmera, Partner, Transaction, Advisory Services at EY India, and an insolvency professional (IP). In an interview, he tells BT that IPs are expected to maintain the highest levels of integrity and accountability to ensure stakeholder trust in them and the underlying Corporate Insolvency Resolution Process (CIRP). This should also extend to other stakeholders, he says. Edited excerpts:
What are your views on how the IBC is doing?
It remains one of the most path-breaking legislations and has transformed India’s insolvency resolution landscape. Recent data from the IBBI reflects that the Code has…