‘Will strive for malleable regulatory framework’

The Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the wake of the coronavirus pandemic and will strive to provide a ‘malleable regulatory framework’ within the confines of the insolvency law, according to its Chairperson M.S. Sahoo.

A key institution in implementing the Insolvency and Bankruptcy Code (IBC), the IBBI has moved to the electronic mode for most of its engagements with stakeholders and has recalibrated important regulations.

Mr. Sahoo emphasised that the IBBI would remain vigilant and prepared to take on the challenges and adapt to requirements of the emerging scenario.

“It will strive to provide a malleable regulatory framework within the confines of the Code, build the capacity of insolvency professionals and other constituents, and promote best practices.

“It will continue its engagement with the stakeholders to ensure insolvency reform remains a reform by the stakeholders, for the stakeholders and of the stakeholders,” Mr. Sahoo told PTI.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.