IBBI: From questioning our competence, tribunals now seek IBBI’s help to address regulatory gaps: MS Sahoo
Synopsis
The insolvency regulator is gearing up for a change at the top even as it is at a crossroads. Though the ecosystem is slowly returning from the pandemic-imposed vacation, a standing committee has stirred the hornet’s nest by asking a few tough questions. Even as Sahoo leaves behind a formidable legacy, his successor will have a few mountains to climb.
Speed has been the hallmark of the Insolvency Bankruptcy Board of India (IBBI) ever since its inception. It hit the ground running five years ago, entrusted with making the insolvency framework operational in just 60 days. Today, banks and creditors have recovered more than INR2 lakh crore in more than 360 resolved cases. As he hangs up his boots today, MS Sahoo, chairperson, IBBI, speaks to ET Prime about how the ecosystem, consisting of
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