IBBI wants debt resolution professionals to guard against IBC abuse | Banking
On July 3, the committee disqualified an insolvency professional for orchestrating a systemic misuse of the insolvency process across 10 interconnected corporate entities. Against this backdrop, the regulator’s September 9 circular urging “due diligence by Insolvency Professionals regarding misuse of IBC framework” was a long time coming. Citing instances such as attempts…

