Watch the interview of Abizer Diwanji Partner & National Leader Financial & Restructuring Services, EY India and Sumant Batra Insolvency Lawyer with CNBC-TV18's Manisha Natarajan where they spoke about the Insolvency code.
Finally there seems to be some light at the end of the tunnel for resolving the Rs 8 lakh crore troubled assets and debt. 222 insolvency proceedings are on in the various National Company Law Tribunals (NCLTs). There are several challenges and pitfalls ahead for Insolvency and Bankruptcy Code (IBC) to work in its true spirit. CNBC-TV18's Manisha Natarajan spoke with Abizer Diwanji Partner & National Leader Financial & Restructuring Services, EY India and Sumant Batra Insolvency Lawyer to find what the challenges are and how best insolvency professionals are geared to resolve them.Watch videos for more….Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.