In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered with it.
The Insolvency and Bankruptcy Board of India (IBBI) will share the list with the adjudicating authority to choose from to oversee cases of resolution or liquidation from July 1, according to an official.
Separately, the IBBI has also listed 17 insolvency professional entities (IPEs) that have been registered as IPs to oversee resolution, according to the list firmed up by the regulator on Tuesday.
The move, the official said, will avoid administrative delays in the appointment of IPs and help expedite insolvency resolution.
Earlier this month, the IBBI had aske…
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