The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.
4 May 2019 2:49 PM IST
According to Sahoo, the resolution plans have yielded about 200 per cent of liquidation value for creditors.
4 Jun 2019 2:17 AM IST
![Addressing a conference on Insolvency and Bankruptcy Code (IBC) at Hong Kong on Thursday, IBBI chief MS Sahoo observed that \in addition to rescuing viable firms, which is the sole objective of IBC; resolution plans under IBC have yielded 200 per cent of liquidation value for creditors.\](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-u0b349upqugfio195s4lpk8144-20190426153732.Medi.jpeg "Addressing a conference on Insolvency and Bankruptcy Code (IBC) at Hong Kong on Thursday, IBBI chief MS Sahoo observed that \in addition to rescuing viable firms, which is the sole objective of IBC; resolution plans under IBC have yielded 200 per cent of liquidation value for creditors.\")
