Corporate debt market could be the benchmark of our performance: M S Sahoo

Interview with chairman of the Insolvency and Bankruptcy Board of India

M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India, tells Veena Mani and Indivjal Dhasmana in an interview the new system will strengthen the corporate debt market, particularly non-bank and unsecured debt. Edited excerpts: 

What are the parameters to judge the efficacy of the Insolvency and Bankruptcy Code? 

The new bankruptcy regime provides an opportunity to resolve insolvency wherever possible and provide a smooth exit wherever required in a market-determined and a time-bound manner. Let us look at measurable outcomes. 

There are two broad ways of financing enterprises: equity and debt. Different projects have different profiles and