The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs), liquidators and Bankruptcy Trustees (BTs).According to a circular issued on Monday, applicants seeking empanelment should not be under suspension or debarment and must not be facing any pending disciplinary proceedings. They are also required to disclose whether they have been convicted by any court during the last three…
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