14-member panel to be set to button down issues in insolvency law

The government has set up a 14 member panel to button down the increasing issues under insolvency and bankruptcy law.

The panel members include Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo, RBI Executive Director Sudarshan Sen, former Lok Sabha Speaker T K Viswanathan, Edelweiss Group Chairman and CEO Rashesh Shah, Shardul Amarchand Mangaldas & Co-Executive Chairman Shardul Shroff and Xpro India Chairman Sidharth Birla

Other members include AZB & Partners Partner Bahram Vakil, SBI Stressed Assets Resolution Group MD B Sriram, Additional Secretary (Banking) at the Department of Financial Services and a Joint Secretary from the corporate affairs ministry.

Presidents of the institutes of chartered accountants, cost accountants, and company secretaries are also part of the committee.

Source: Times of India

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