NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has sought comments on contents of Request for Proposal (RFP) document for applicants to bid for business insolvency resolution process.
RFP, here means an invitation for resolution plans from prospective resolution applicants who wish to bid for business of a corporate debtor going through Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016.
A healthy participation of market players in the resolution process requires that RFP provides relevant information, excluding those proscribed by the law, to help market participants make informed bids, the corporate affairs ministry said in a statement.
Also, RFP should clearly articulate t…
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