IBBI Chair calls for reforms to boost recovery rates and expedite resolutions

Jayanti Prasad, Chair of the Insolvency and Bankruptcy Board of India, has called for reforms to strengthen the country's debt resolution framework and enhance recovery rates. Prasad emphasized the need to address delays and prevent misuse of the Insolvency and Bankruptcy Code.

Justice Anupinder Singh Grewal suggested raising the financial threshold for admitting insolvency cases to improve operational efficiency. The regulator aims to strengthen safeguards within the framework while accelerating case resolutions.