IBBI removes curbs on IP, RP of corporate debtor handling CIRP of personal guarantor
The Insolvency and Bankruptcy Board of India (IBBI) has amended the rules to remove the restrictions on an insolvency professional...
resolution professional
Resolution professional of corporate debtor can also get appointed as RP in case of personal guarantors
The insolvency regulator has proposed that Interim Resolution professional (IRP), resolution professional (RP) or liquidator of a corporate debtor (CD)...
Ten is too many assignments as resolution professional, five at a time is enough?
The Insolvency and Bankruptcy Board of India, the insolvency regulator, has amended the law to put a cap on the...
IRP/RPs can appoint any professional for assistance in insolvency proceedings
A resolution professional conducting corporate insolvency resolution process (CIRP) will have to disclose all former names and registered office address(es)...
Regulator issues guidelines for selection of panel for insolvency professionals
In order to reduce the delay by the Insolvency and Bankruptcy Board of India (IBBI) in recommending insolvency professionals who...
Resolution professional seeks ‘immunity’ after FIRs by Bhatia Coke and Energy promoters
The Chennai bench of NCLT has ordered the Madhya Pradesh and Tamil Nadu police to not take action on FIRs...
Resolution professionals have a limited yet crucial role in pre-pack scheme
The role of a resolution professional (RP) in the new pre-pack scheme has been limited to that of an overseer...
Resolution professional can’t reclassify financial creditor as operational on his own: Allahabad HC
Can the resolution professional reclassify the status of a financial creditor to Operational Creditor based on ‘expert’ opinions despite that...
ED finds resolution professional colluding with BPSL promoters
The Enforcement Directorate (ED), the agency that investigates money laundering cases in India, has found resolution professional MK Khandelwal involved...