Objective of IBC is resolution, not liquidation, says IBBI chief MS Sahoo

The lop-sided ratio between liquidation and resolution under the Insolvency and Bankruptcy Code (IBC) is not alarming.

Speaking at a Confederation of Indian Industry (CII) event on IBC, M S Sahoo, chairperson, Insolvency and Bankruptcy Board of India (IBBI), said around 818 corporate debtors had been admitted to the resolution process, of which 130 had been completed.

Of the 130 cases, around 100 were probably liquidated. Sahoo asked if it was unusual, or a cause for concern.

But he explained that from the data available for 87 companies, 79 of them were either in the Board for Industrial and Financial Reconstruction (BIFR), or