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Need to improve capacity building of stakeholders, says IBBI chairman

Sahoo reiterated that there was no shortage of resolution professionals and registered valuers

Insolvency and Bankrutcy code IBC
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Insolvency and Bankrutcy code

Vinay Umarji Ahmedabad
Even as the latest amendment in the Insolvency and Bankruptcy Code (IBC) was notified, M S Sahoo, chairman of Insolvency and Bankruptcy Board of India (IBBI) on Friday said that capacity building of stakeholders was needed to be improved.

Speaking on the sideline of his keynote address at Indian Institute of Management, Ahmedabad (IIM-A), Sahoo said, "There is challenge in the form of capacity building. All stakeholders including committee of creditors, resolution professionals, national company law tribunals and the insolvency and bankruptcy board itself need to improve our capacity."

Reiterating that while there was no shortage of resolution professionals and