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The intent of the insolvency law is maximisation of value of assets of corporate debtors and so, such assets have to handed over to a trust-worthy person, MS Sahoo, chairman of Insolvency and Bankruptcy Board of India told BloombergQuint in an interview. Sahoo was responding to a question regarding the intent of recent amendments to the insolvency regulations.
Sahoo also shared his thoughts on...
Here is the full interview.