IBBI issues Guidelines for Insolvency Professionals to Act as Interim Resolution Professionals, Liquidators and Bankruptcy Trustees [Read Guidelines]
The guidelines contain a structured mechanism that may be followed by the NCLT and DRT for constituting a panel of Insolvency Professionals and per the IBC, 2016.
The Insolvency and Bankruptcy Board of India (IBBI) has renewed its efforts to lay down clear and concise procedures to be followed in by professionals by issuing the Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025. The guidelines were notified on May 27, 2025 and slated…
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