New Delhi, Sep 20 () The Insolvency and Bankruptcy Code (IBC) should gradually evolve to its full potential and one of its main objective is to maximise the value of assets of corporate borrowers, IBBI chairman M S Sahoo said today.
The Insolvency and Bankruptcy Board of India (IBBI) chief also said that the capability of Committee of Creditors is absolutely critical for success of IBC, though the role of insolvency professionals is also important.
IBBI was set up last year to regulate the functioning of insolvency professionals and other related entities under the Insolvency and Bankruptcy Code, 2016.
The Code, notified by the government in May last year, has consolidated and amended laws relating to reorganisation as wel…
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