IBC: The first 500 days

So far so good or fingers crossed, that is what most experts say when asked if they are satisfied with the first 500 days of India’s insolvency and bankruptcy law. The setting up of the bankruptcy board, the authorisation of resolution professionals and the tribunals sticking to the timelines have all been very impressive but there are still doubts over the conduct of the resolution professionals, the hierarchy within the committee of creditors and a host of other regulatory hurdles that have to be crossed.

In an interview with CNBC-TV18, Bryan Marsal, Co-Founder of Alvarez & Marsal and Bahram Vakil, Co-Founder of AZB & Partners gave an objective perspective of the Indian bankruptcy process and advised on how we can improve it.

For entire discussion, watch accompanying videos…