Indian Institute of Insolvency Professionals of ICAI (IIIPI) has decided that the peer review of Insolvency Professional Entities (IPEs) would henceforth be undertaken using a two-fold approach.
While the first one would be on the work done by IPE as an IP (conducting assignments under the IBC), the additional one, decided now, would be on the adequacy or otherwise of the infrastructure/capacity support provided by them to the IPs.
This decision was taken in the recent Governing Board meeting of IIIPI. It is expected to enable the IPEs to undertake Corporate Insolvency Resolution Professional (CIRP) efficiently.
We have decided to promote peer review …
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