Shravan Shetty, managing director at consultancy firm Primus Partners, said: “The IBBI should also be empowered to look at innovative options for resolution. These include identifying and selling select valuable assets of a stressed firm separately to maximise realisation instead of waiting for a single bidder to buy the entire company. Also, the regulator needs to have power to order liquidation of insolvent companies if no resolution is found within a year”.