Speaking at the seventh foundation day of the Insolvency and Bankruptcy Board of India, the rule maker and regulator, ministry of corporate affairs secretary, Manoj Govil, said the pace of debt resolution under IBC was steadily increasing.
IBBI chief calls for efforts to improve bidders confidence thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Insolvency professionals should focus on improving the insolvency ecosystem in India to increase the confidence of potential bidders for stressed assets and enhance the prospects for successful resolution, according to the chairman of the Insolvency and Bankruptcy Board of India (IBBI), Ravi Mital. He also called for efforts to reduce delays and litigations.
IBBI seeks stakeholder suggestions for better recovery navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.