"Removal of this restriction will allow the appointment of the same IP in both the corporate process as well as the insolvency and bankruptcy proceeding of the PGs to the CDs for better harmonisation and effective coordination of both the processes," IBBI said. The regulatory changes are effective from January 31.
In a discussion paper floated in October, IBBI had proposed to remove the restriction as it had observed that on numerous occasions, the resolution professionals (RPs), who are IPs, encounter significant challenges in submitting their evaluation report of the bankrupt company to the creditors, primarily due to the lack of cooperation from the PGs.
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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