The Insolvency and Bankruptcy Board of India (IBBI), the apex regulatory body under the new bankruptcy code, has constituted two high-profile panels to advise it on key issues on the upcoming framework, which the government and various stakeholders see as a key reform.
The advisory committees, which have representation from economists, industry, banking, securities market, professional bodies and legal experts, was picked by IBBI Chairman M S Sahoo last month. Headed by former Infosys executive Mohandas Pai and Kotak Mahindra Bank Vice-Chairman and Managing Director Uday Kotak, the panels quickly went to work.
In marathon meetings in the capital earlier this month, they deliberated on…
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