The efficacyInsolvency and Bankruptcy Code 2016 (IBC)

Injeti Srinivas, IAS delivered the keynote address and stressed on the efficacy of IBC, especially the positive change in behavioral aspect among the defaulters and erring Corporates towards resolution of the stressed assets. IBC has sensitized the defaulting Corporates on a cutting edge level. However, he emphasized that resorting to IBC should be the last resort of the stakeholders.

Mr Gyaneshwar Kumar Singh, Joint Secretary clarified different provisions of IBC at the interactive session. The participating bankers actively discussed issues under the IBC and practical bottlenecks being faced by the corporate lenders. Concerns of the bankers were well taken care of by the IBBI team with promise to do the needful for necessary improvements later.

The participating members considered the workshop successful and highly constructi