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Ground seems ready for new options to resolve stressed assets: IBBI chief
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Last Updated: Jan 03, 2021, 01:15 PM IST
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Synopsis
In place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked and time-bound manner, and the proposal for pre-pack framework is also in the works.
M S Sahoo
NEW DELHI: The ground seems to be ready to experiment new options for resolution of stress and the market is anticipating a hybrid framework between a court-supervised insolvency framework and an out-of-court restructuring schemes, IBBI Chairperson M S Sahoo has said.