Valuation falls each day, insolvency professionals need to work within time frame: IBBI
Speaking at a webinar organised by MCC, whole time member of IBBI Navrang Saini said the IPs should be transparent and they should also ensure that the resolution plans are worked out in a time-bound manner
"Value of a stressed asset declines every passing day. It has also been observed in some cases that the resolution value was almost close to the liquidation value," Saini, also the chairman of IBBI, said. Source:Website