IBBI Circular Update: Key Takeaways for Insolvency Professionals and Stakeholders

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..... the processes by the Insolvency Professionals The circular issued by the Insolvency and Bankruptcy Board of India (IBBI) on 1st February 2024, referenced as No. IBBI/IP/65/2024, addresses several key measures aimed at facilitating efficient conduct of insolvency processes by Insolvency Professionals (IPs). It focuses on clarifying aspects related to the roles and functions of IPs under the .....

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..... is circular is a step towards refining the regulatory framework for insolvency professionals, aiming to enhance transparency, efficiency, and accountability in the insolvency resolution process. It impacts stakeholders by providing clear guidelines on professional engagements and financial transactions, contributing to the overall integrity and effectiveness of insolvency proceedings. F .....

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