Handbook on Ethics for Insolvency Professionals: Ethical and Regulatory Framework
The profession of Insolvency Professionals (IPs) has evolved considerably in the short span of 4 years since December 2016 with almost 3,200 IPs as on 30th September 2020 registered with the Insolvency and Bankruptcy Board of India (“IBBI” / “Board”).
An IP is pivotal to the creditor-in-control process and acts as a bridge between the Adjudicating Authority, the CoC and other stakeholders. Being vested with the power of board of directors and responsible for the management of affairs of the corporate debtor, an IP plays a key role in the lifecycle of corporate insolvency resolution process (CIRP).
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Handbook on Ethics for Insolvency Professionals: Ethical and Regulatory Framework
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