Framework For Cross Border Insolvency To Be Announced Soon Under Insolvency & Bankruptcy Code

21 Jan 2022 , 02:17 PM

Mukulita Vijayawargiya, Whole Time Member, IBBI has said that a framework for cross-border insolvency would be announced soon under the Insolvency & Bankruptcy Code. Addressing the virtual Conference on 5 Years of Insolvency and Bankruptcy Code – Looking Forward and Beyond organized by FICCI under the aegis of the Insolvency and Bankruptcy Board of India (IBBI), Vijayawargiya also asserted on the need for a Code of Conduct for each stakeholder involved in the insolvency and bankruptcy ecosystem. Vijayawargiya further stated that the IBC regime provides for a resolution process which is time bound and infuses technology with professional expertise with minimum judicial intervention and supervision.

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