IBBI clarifies Resolution Plan Implementation and Billing Compliance for IPs [Read Circular]

It is clarified that for the purposes of clause 25C of Code of Conduct specified in First Schedule to IP Regulations, the bill or invoice may be raised in the name of the IPE or the professional or the firm in which such professional is a partner
IBBI - Resolution Plan - Billing Compliance - IP - taxscan

The Insolvency and Bankruptcy Board of India ( IBBI ) has issued clarification regarding the professional service rendered by an IP in implementation of the resolution plan approved by the Adjudicating Authority along with compliance regarding billing / invoicing for services availed by IP from professionals on 1st February 2024. The circular is being issued…

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