This will remove ambiguities in the roles and responsibilities of IPEs, and enhance the efficiency of the Corporate Insolvency Resolution Process (CIRP), say experts.
An IPE can be a company, a limited liability partnership or a registered partnership firm, allowed to carry on the activities of an insolvency professional (IP). The Insolvency and Bankruptcy Code (IBC) authorises the IP to act as an interim resolution professional, resolution professional, liquidator, or bankruptcy trustee in any insolvency case.
On February 1, IBBI clarified that the restrictions imposed on the number of assignments that an IP can take shall apply only on IPs who are individuals and not on IPEs. This means, IPES now have a broader scope to act in the capacity of IPS without the limitations on the number of assignments.
Diese Geschichte stammt aus der February 05, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der February 05, 2024-Ausgabe von Financial Express Mumbai.
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