Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration.
“The Insolvency and Bankruptcy Code of India has got the President’s assent and is now in place. ICSI thus has formed an Insolvency Professional Agency for which we have applied for registration to the Insolvency and Bankruptcy Board”, ICSI President Mamta Binani told reporters here today.
She said that ICSI would receive the registration from Finance Minister Arun Jaitley on Monday.
The insolvency professionals would be created as a different set of intermediaries who would try to resolve disputes between the creditor an…
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