Mohandas Pai committee
The Insolvency and Bankruptcy Board of India (IBBI) has recently constituted two high-level committees to gather inputs on various aspects, including on service providers and corporate liquidation. The 9-member advisory committee on service providers is headed by educationist Mohandas Pai while the panel on corporate insolvency and liquidation is chaired by noted banker Uday Kotak. IBBI seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.