IBBI chief bats for putting valuation of IBC entities in public domain

The board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company's operations

In a move that might enhance transparency in corporate resolution, the Insolvency and Bankruptcy Board of India (IBBI) is working on steps to put the entire valuation of an entity under resolution in the public domain.

Batting for transparency, IBBI Chairperson Ravi Mital said on Saturday that some of the assumptions for bidding in the resolution process might go bad if the bidding was delayed. "There is a need for transparency and to increase the speed of the process," Mital said. He joined proceedings of the National Summit on Insolvency & Bankruptcy Code and Valuation over the web organised by the Associated Chambers