›“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS Sahoo
Advertisement
finance11:06“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS SahooThe Supreme Court on November 15 allowed the bankruptcy courts are free to relax the 330-day deadline se...t by the law to resolve insolvency cases. In an interview before the latest judgement from the Supreme Court, MS Sahoo, the Chairman of the Insolvency and Bankruptcy Board of India, told Business Insider that India’s laws indeed have a tight deadline. “The focus is that the process should be completed in a time bound manner, and please note that no where in the world is there this kind of timeline,” Sahoo said in an exclusive interview. Watch the entire interview here