IBBI Prescribes Guidelines for Creating a Panel of Insolvency Professionals to Serve as IRPs, Liquidators, and RPs
- Blog|News|Insolvency and Bankruptcy Code|
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- By Chetan Kulasri
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- Last Updated on 7 June, 2024
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IBBI Guidelines, Dated: 05.06.2024
Earlier, the IBBI identified the need to prepare a panel of Insolvency Professionals (IPs) in advance and share it with the Adjudicating Authority (AA) to avoid administrative delays in appointing IPs. Now, the IBBI has issued the instant guidelines providing the procedure for preparing a panel of IPs to act as IRPs, Liquidators, RPs, and Bankruptcy Trustees.
This guideline also prescribes for IP eligibility, expression of interest, panel of IPs, Sorting criteria, Conditions for IPs, and Repeal and Savings. The panel of IPs prepared in accordance with these guidelines will be effective from 01.07.2024 to 31.12.2024.
Click Here To Read The Full Guidelines
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