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ARTICLE · 27 JANUARY 2023

HSA | Restructuring & Insolvency Monthly Update | January 2023

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The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated December 12,2022 issued certain guidelines pertaining to the appointment of Insolvency...

IndiaInsolvency/Bankruptcy/Re-Structuring
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Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2022

  • The Insolvency and Bankruptcy Board of India (IBBI) vide notification dated December 12,2022 issued certain guidelines pertaining to the appointment of Insolvency Professionals as Interim Resolution Professionals (IRP), Resolution Professionals (RP) and Liquidators by the Adjudicating Authority in cases where the Operational Creditor has not proposed an IRP while filing an Application under Section 9 of IBC or where an Application under Section 94 or 95 is filed by the Debtor or the Creditor and not through RP or when the RP needs to be replaced.

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