Insolvency and Bankruptcy Board of India (IBBI) Chairman MS Sahoo delivered a special lecture on the theme of ‘Changing dimensions of insolvency laws in India’ at the National law University, Odisha, on Monday.
Sahoo candidly talked about the establishment of IBBI in May, 2016, his tenure so far, and the development needed in the sector and the challenges being faced by the organisation, owing to its nascent existence. He also illuminated the distinction between legislative laws and tribunal based regulations viz. SEBI.
Sahoo also dealt with a wide array of issues, stressing highly upon the importance and impact of freedom to carry out trade and implement new policies, the gradually changing scope of economics in modern day marketplace, and the stark contrast in the economic development of India, in the pre and post-liberalisation era. The students asked him questions on topics ranging from modern day cases, financial institutions, and the impact that the IBBI has had so far.
Sahoo felicitated the winners of NlUO’s internal moot court competition. He was presented with a memento by the Registrar. Professor Dr Kondaiah Jonnalagadda coordinated.