MS Sahoo, Chairman of Insolvency and Bankruptcy Board of India
Will also result in lower default and better recovery: Bankruptcy board chief
Mumbai, December 19:
The Insolvency and Bankruptcy Code enacted by the government recently is likely to improve ease of doing business rankings and provide a safe exit for businesses that have failed.
MS Sahoo, Chairman of the Insolvency and Bankruptcy Board of India, said earlier there were murmurs of the authorities not moving fast enough, but now the authorities are perceived to be moving too fast.
Within 13 months of the first report on bankruptcy code was submitted, the Insolvency and Bankruptcy Code has been implemented, he said addressing national seminar on Insolven…
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