Highlights
- The Insolvency and Bankruptcy Board of India has refined the Assignment Module to streamline the assignment process for Insolvency Professionals and improve record-keeping.
- Insolvency Professionals are now required to add assignments to the IBBI electronic portal within three days of their appointment, with specific deadlines set for ongoing and closed cases.
- The new directions from IBBI aim to enhance efficiency and transparency in insolvency proceedings by identifying seven distinct categories of assignments for Insolvency Professionals.
