IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.
26 April 2019 3:39 PM IST
Under the new rule, resolution plan could provide for restructuring the company, including merger, amalgamation and...
7 Sept 2019 1:31 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.\")
