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MS SAHOO
Insolvency law’s aim is business rejig, not recovery: M S Sahoo, chairman, IBBIBC has only one objective, that is, reorganisation. It reorganises the affairs of a company to rescue it if its business is viable or to cl...05 Jul, 2021, 01.52 PM IST- Pre-packaged plan threshold set at Rs 10 lakh for MSMEsFurther, to maintain the resolution professional’s independence from the corporate debtor, the RP's fees for the prepacked resolution will ...09 Apr, 2021, 09.01 AM IST
- IBC has delivered 95% rescue rate: MS SahooFurther, while the rescue rate for CIRPs stood at 25% in terms of the number of companies, the rescue rate under the IBC was 75% in terms o...07 Jan, 2021, 06.11 PM IST
- India likely to witness sharp rise in insolvencies in the coming days: MS Sahoo“The 2008 financial crisis had witnessed a sharp increase in corporate and personal insolvencies all over the world and that is an indicati...18 Dec, 2020, 03.57 PM IST
- Government considering pre-packaged resolution for stressed firms under IBC“Government has set up a committee to give a pre-pack framework, we expect the report of the committee to come by the end of this month,” s...22 Aug, 2020, 12.35 PM IST
- IBC saved 160 cos from premature death: MS SahooMS Sahoo, Chairperson of IBBI, said the companies resolved under the code fetched 210% of their liquidation value and if the companies were...16 Dec, 2019, 12.45 PM IST
- IBBI working to provide accountable and competent valuers: MS SahooThe IBC has helped financial and operational creditors recover over Rs 68,000 crore through successful resolutions of stressed assets in 88...15 Apr, 2019, 02.44 PM IST
- IBC bolsters responsible lending, encourages debtors to avoid default: MS Sahoo, chairman IBBI"Feb 12 circular, that SC quashed, was an RBI initiative; it won’t impact IBC as it is neither a provision of the Banking Regulation Act no...14 Apr, 2019, 11.31 PM IST
- Individual bankruptcy norms in the works: IBBI Chief“The work is progressing, but I cannot comment on any timeline,” said Sahoo.16 Feb, 2019, 10.34 AM IST
- IBBI working on group insolvency norms: MS SahooInsolvency and Bankruptcy Board of India (IBBI) chairman MS Sahoo Tuesday said the process of putting in place the norms on group insolvenc...11 Sep, 2018, 06.32 PM IST
- New bankruptcy law instills fear among delinquent borrowersCompanies facing bankruptcy petitions have reportedly cleared dues of as much as Rs 830 billion ($12 billion) with creditors, Sahoo said10 Jul, 2018, 01.29 PM IST
- Focus should be resolution, not liquidation: MS SahooHe said that the soul of the Code was to keep the firm alive by balancing the interest of all stakeholders for which a successful resolutio...09 Jun, 2018, 02.52 PM IST
- IBC panel recommends changes to revamp insolvency resolution processThe panel has recommended changes to the insolvency resolution framework to make it flexible for Resolution Professionals to raise interim ...04 Apr, 2018, 12.10 AM IST
- Individual insolvency regime to be operational in phased manner: IBBI charirperson MS SahooAs it enters 2018, individual insolvency regime and facilitation of corporate insolvency transactions are among the main priorities for the...25 Dec, 2017, 05.08 PM IST
- 12 large NPA cases yet to come before IBBI: Chairman MS SahooThe Reserve Bank of India's internal advisory committee had last week sent the list of 12 accounts to bankers for immediate reference under...19 Jun, 2017, 05.07 PM IST
- 20% of India’s productive resources remain unutilised: MS SahooHe said that this is where the Code, which provides for an easy, ordely and time-bound exit is expected to be an enabler.27 Mar, 2017, 10.43 PM IST
- CCI not looking into Net neutrality as of now: MS SahooCCI is not looking into the issue of Net neutrality as of now because sectoral regulator Trai is yet to finalise its views on it, CCI membe...21 Jul, 2015, 04.16 AM IST
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