The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC).
Insolvency resolution professionals determine the life and death of a company in the insolvency process. The IBBI move to revamp the regulations governing insolvency professionals is seen by legal experts as a positive step at an apt time.
Come April 1, to qualify as an IP, the National Insolvency Examination requirement has been done away with. However, an individual must clear the Limited Insolvency Examination in the 12 months prior to the date of his application for enrolment with an IP…
Read the full article at: https://www.thehindubusinessline.com/economy/registration-norms-for-insolvency-professionals-get-a-makeover/article23395079.ece
