Corporate affairs secretary Deepti Gaur Mukerjee stated that insolvency professionals need to push boundaries of corporate turnaround to rescue every possible insolvent firm, prevent liquidation and maximise value for stakeholders.

How this affects you

The Corporate affairs secretary is advocating for a more proactive approach from insolvency professionals to prevent company liquidations, aiming to preserve jobs and economic value within the Indian economy. This could lead to a shift in how distressed companies are handled, focusing more on revival than asset sales.