The Insolvency and Bankruptcy Board of India (IBBI) has taken a significant step towards enhancing transparency in the insolvency resolution process for personal guarantors. It now mandates Resolution Professionals (RPs) to provide a copy of their report to both the creditor and debtor in all cases. This measure aims to ensure that both parties are […]
Insolvency Professionals, affiliated with an Insolvency Agency, are integral to the dissolution proceedings of insolvent entities, encompassing individuals, companies, LLPs, or partnerships. These experts are officially empowered to represent and manage affairs on behalf of insolvent entities. In the context of bankruptcy, Insolvency Professionals play a crucial role in overseeing the liquidation of an entity’s […]