🔍 𝐔𝐩𝐝𝐚𝐭𝐞 𝐨𝐧 𝐈𝐁𝐂 𝐎𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭: 𝐑𝐁𝐈'𝐬 𝐌 𝐑𝐚𝐣𝐞𝐬𝐡𝐰𝐚𝐫 𝐑𝐚𝐨 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐬 𝐁𝐞𝐭𝐭𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐂𝐨𝐂𝐬 RBI Deputy Governor M Rajeshwar Rao has highlighted a critical need for improved oversight of the Committee of Creditors (CoC) in insolvency resolutions under the Insolvency and Bankruptcy Code (IBC). His recommendation? A mandatory code of conduct for CoCs to: ✅ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 ✅ 𝐑𝐞𝐝𝐮𝐜𝐞 𝐜𝐨𝐧𝐟𝐥𝐢𝐜𝐭𝐬 𝐨𝐟 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 ✅ 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐦𝐚𝐤𝐢𝐧𝐠 ✅ 𝐏𝐫𝐨𝐭𝐞𝐜𝐭 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬’ 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐬 This initiative aims to ensure transparency and fairness in the insolvency resolution process, safeguarding the interests of all stakeholders—especially creditors. 📌 𝐖𝐡𝐲 𝐢𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: With robust oversight and accountability, the IBC can become a more effective tool for resolving insolvency while maintaining trust among stakeholders. 💡 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐬𝐞𝐚𝐦𝐥𝐞𝐬𝐬 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐢𝐧𝐬𝐨𝐥𝐯𝐞𝐧𝐜𝐲 𝐫𝐞𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬? 𝐂𝐨𝐧𝐬𝐮𝐥𝐭 𝐮𝐬 𝐭𝐨𝐝𝐚𝐲! #IBC #RBI #CreditorsCommittees #InsolvencyResolution #Governance #CoC #MandatoryCode #Transparency #MRAjeshwarRao #Oversight
