Insolvency professional to ensure compliance with provisions of the applicable laws

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..... tered Insolvency Professionals All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the web site of the IBBI) Dear Madam / Sir, Sub: Insolvency professional to ensure compliance with provisions of the applicable laws. A corporate person undergoing insolvency resolution process, fast track insolvency resolution .....

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..... quidator for a corporate person under the Code, an insolvency professional shall exercise reasonable care and diligence and take all necessary steps to ensure that the corporate person undergoing any process under the Code complies with the applicable laws. 3. It is clarified that if a corporate person during any of the aforesaid processes under the Code suffers any loss, including penalt .....

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