Intimation to the Board on the appointment of insolvency professional under various processes under the Code

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..... onal Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam/Sir, Sub: Intimation to the Board on the appointment of insolvency professional under various processes under the Code An Insolvency Professional (IP) functions in various capacities under the Insolvency and Bankruptcy Code, 2016 ("the Code" .....

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..... tcy Process of Personal Guarantors and Administrator under Insolvency and Liquidation Proceedings of Financial Service Providers. 3. To streamline this process and ensure thorough record-keeping, the Board has refined the Assignment Module. While most IPs already update their assignments upon appointment, this directive formalizes the practice to reduce compliance burdens and minimize delays. 4. .....

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..... and approved by the IBBI, the IP shall proceed with subsequent compliances, including reporting requirements such as public announcements, EOIs, and auction notices, as applicable under different processes outlined in the Code. 6. The timelines for filing of assignment shall be as follows: a. New Assignments: For all cases commencing from the date of issuance of this circular, the IP shall add .....

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