Ground seems ready for new options to resolve stressed assets, says IBBI chief MS Sahoo Proceedings under the Insolvency and Bankruptcy Code have remained suspended since 25 March in the wake of the COVID-19 pandemic Representational image. Reuters. 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 MS Sahoo has said. 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.