MUMBAI: The National Company Law Tribunals Mumbai Chapter may be dealing with the highest number of bankruptcy cases in India, but New Delhi has the highest number of insolvency professionals.
The Insolvency and Bankruptcy Board of India (IBBI) has registered 263 chartered/cost accountants or company secretaries from Delhi as insolvency professionals (IPs), who are eligible to run troubled companies for a stipulated period. There are a total of 1,107 registered insolvency professionals in India.
Mumbai ranks second with 202 insolvency professionals registered with IBBI. Kolkata comes third with 93 IPs, followed by Chennai with 58, show data from IBBI updated till September-end. The rising number of IPs in Delhi is the cumulative effe…
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