Sukrit Kapoor Advocates for Prosecution of Errant Promoters to Strengthen India’s Insolvency Framework

Sukrit Kapoor recently emphasized the importance of prosecuting errant promoters as a pivotal measure in advancing India’s insolvency and bankruptcy ecosystem. His comments, featured in Financial Express, reflect growing consensus among industry leaders about the need for stronger accountability mechanisms within the corporate insolvency landscape.

“I certainly agree with the views of the Chairperson, particularly on the need for initiating prosecution against the errant promoters,” Sukrit stated. This approach not only seeks to deter misconduct but also to address the larger issue of avoidance transactions that can divert valuable assets away from creditors.

Read full coverage: https://www.financialexpress.com/business/banking-finance-track-last-minute-transfers-to-enhance-recoveries-ibbi-3663406/